Ethereum

DeFi

Axie Infinity

Nexera

Coin

<ul class="wp-block-list news-points"> 
 <li>Nexera protocol suffers $1.5M exploit, NXRA tokens stolen.&nbsp;</li> 
 <li>Axie Infinity attacked again, MEV bot drained $9.85M.&nbsp;</li> 
 <li>Smart contract vulnerabilities exposed, highlighting DeFi security concerns.</li> 
</ul> 
A security breach on the on-chain order book protocol Nexera has resulted in an estimated loss of $1.5 million, as reported by Cyvers Alerts. The exploit involved an unauthorized address gaining control of Nexera’s proxy contract, leading to the theft of all NXRA tokens. 
Cyvers Alerts revealed that the attacker upgraded the contract and used the withdrawal management function to transfer all NXRA tokens to itself. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">ALERT<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">Hey <a href="https://twitter.com/Nexera_Official?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Nexera_Official</a>, Our system has detected a suspicious transaction involving your proxy contract. An address took ownership of your proxy contract and upgraded it. Shortly after, the address used the withdraw admin function to transfer all the <a href="https://twitter.com/search?q=%24NXRA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$NXRA</a> tokens. The… <a href="https://t.co/Of4bAD7UiP" target="_blank" rel="nofollow">pic.twitter.com/Of4bAD7UiP</a>— 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Cyvers Alerts 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CyversAlerts) <a href="https://twitter.com/CyversAlerts/status/1821069428630679920?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 7, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
Consequently, the stolen tokens were sold for Ethereum (ETH), and part of the funds were bridged to the Binance (<a href="https://coinedition.com/battle-of-the-blockchains-meek-set-to-heat-up-bnb-vs-solana-rivalry/">BNB</a>) chain. The total estimated loss from this attack is approximately $1.5 million. This incident u…
The post <a href="https://coinedition.com/nexera-loses-1-5m-axie-infinity-hit-for-9-85m-in-separate-exploits/">Nexera Loses $1.5M, Axie Infinity Hit for $9.85M in Separate Exploits</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Nexera Loses $1.5M, Axie Infinity Hit for $9.85M in Separate Exploits

Coin Edition

Other articles published on Aug 7, 2024

Cathie Wood’s Ark Invest Buys Crypto Stocks as Market Rebounds

Stunning Crypto Recovery: $2 Trillion Market Surge – Time to Invest in These Top 5 Altcoins

Ethereum Spot ETFs See $98.3 Million Inflows Trading at $2,500

How Chinese traders and miners get around China’s crypto ban

Siebert and INX enter into Referral Agreement for the Introduction of On-Chain Real World Asset (...

Billionaire Pepe (PEPEBILL) Memecoin Will Surge Over 19,000% Before Exchange Listing, While SHIB ...

Join our free newsletter for daily crypto updates!