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 $1.5 million, as reported by Cyvers Alerts. The exploit involved an unauthorized address gaining control of Nexera’s proxy contract, leading to the theft of all NXRA tokens.
Cyvers Alerts revealed that the attacker upgraded the contract and used the withdrawal management function to transfer all NXRA tokens to itself.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">ALERT<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">Hey <a href="https://twitter.com/Nexera_Official?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Nexera_Official</a>, Our system has detected a suspicious transaction involving your proxy contract. An address took ownership of your proxy contract and upgraded it. Shortly after, the address used the withdraw admin function to transfer all the <a href="https://twitter.com/search?q=%24NXRA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$NXRA</a> tokens. The… <a href="https://t.co/Of4bAD7UiP" target="_blank" rel="noopener noreferrer 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="noopener noreferrer 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/" rel="noopener noreferrer nofollow">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/" rel="noopener noreferrer nofollow">Nexera Loses $1.5M, Axie Infinity Hit for $9.85M in Separate Exploits</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">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

Presale Stays Strong Amid Market Downturn, Eyes Launch Success

Binance Releases 21st Proof of Reserves: Bitcoin Assets at 613,471 (Up 1.29%), Ethereum at 4.701M...

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

Just-In: MicroStrategy’s Michael Saylor Personally Holds $1 Bln In Bitcoin

Nekodex Launches Crypto Spot Trading Using Chain Abstraction and More

Brendan Blumer: From Gaming Teen to Blockchain Pioneer

Join our free newsletter for daily crypto updates!