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DeFi News

Solana’s Aurory Loses $830,000, Disabled Arbitrum Bridge

However, they assured users that no individual user's funds or NFTs were taken or are in danger.

Written By Dishita Malvania Dishita Malvania
Published December 19, 2023 11:48 AM
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Solana’s Aurory Loses $830,000, Disabled Arbitrum Bridge

The game Aurory, similar to Pokémon, faced a security breach on Sunday night. An attacker managed to steal approximately 600,000 AURY tokens, valued at around $830,000 at that moment.

To address the issue, Aurory’s team temporarily shut down its SyncSpace blockchain bridge, which connects the game to Solana and Arbitrum.

Due to this security breach, the availability of AURY tokens on the decentralized exchange Camelot dropped by 80%, leading to a sharp decrease in its value.

AURY’s value has dropped by 17% since the incident, as per CoinGecko’s data, and the stolen tokens, initially worth $830,000, are now valued at around $690,000.

Despite this setback, the price of AURY has started to recover, currently standing at about $1.23 per token after dropping to $0.95 earlier.

Just a few hours ago, our team detected unusual activity on our marketplace. After quickly investigating, we discovered that a bad actor was able to exploit our marketplace’s buy endpoint, allowing them to increase their $AURY balance in SyncSpace. This allowed them to withdraw…

— Aurory: Amiko Legends (@AuroryProject) December 17, 2023

The Aurory team clarified on Twitter that there was a security breach in their marketplace. This breach allowed someone to take funds from a wallet belonging to the Aurory development team and transfer the tokens to Arbitrum. However, they assured users that no individual user’s funds or NFTs were taken or were in danger.

Once the exploit has been patched, the Aurory team expects to bring its bridge back online “in the coming days.”

Also Read: Helium Network Tokens Surge as U.S. Expansion Progresses

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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