{"id":34281,"date":"2023-12-19T00:52:36","date_gmt":"2023-12-19T04:52:36","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=34281"},"modified":"2023-12-19T00:52:36","modified_gmt":"2023-12-19T04:52:36","slug":"solana-based-aurory-suffers-devastating-exploit-80-of-liquidity-gone","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/12\/19\/solana-based-aurory-suffers-devastating-exploit-80-of-liquidity-gone\/","title":{"rendered":"Solana-Based Aurory Suffers Devastating Exploit: 80% Of Liquidity Gone"},"content":{"rendered":"

Aurory (AURY), a blockchain-based tactical Japanese role-playing game built on Solana<\/a> (SOL), recently experienced a significant liquidity loss in its Camelot\u2019s AURY-USDC pool.\u00a0<\/p>\n

The incident occurred due to a hack <\/a>on the SyncSpace bridge, which resulted in the unauthorized withdrawal and subsequent market sale of approximately 600,000 AURY tokens on the Arbitrum (ARB) network.\u00a0<\/p>\n

Aurory SyncSpace Bridge Hacked<\/h2>\n

In an official statement<\/a> released on December 17, Aurory\u2019s team disclosed the details of the incident. The team detected unusual activity on their marketplace and promptly initiated an investigation, which revealed that a malicious actor had exploited the marketplace\u2019s buy endpoint.\u00a0<\/p>\n

This exploit allowed the attacker to inflate<\/a> their AURY balance in SyncSpace, enabling them to withdraw around 600,000 tokens to the Arbitrum network. The attacker then liquidated the stolen amount by selling it in the market.<\/p>\n

To protect user funds, SyncSpace was promptly disabled for maintenance, temporarily suspending deposits and withdrawals. Importantly, the statement assured that no user funds or non-fungible tokens<\/a> (NFTs) were lost or at risk during the incident.\u00a0<\/p>\n

The AURY tokens originated from a team wallet, facilitating withdrawals for accounts not previously deposited AURY.<\/p>\n

Exploit Mitigated<\/h2>\n

The Aurory statement emphasized that the exploit is no longer ongoing, as SyncSpace remains offline for maintenance. As a result, there is currently no risk of further exploits. Additionally, it was confirmed that the attacker has exhausted their AURY supply<\/a> and no longer possesses any tokens to sell.<\/p>\n

Moreover, SyncSpace will investigate further to determine how the exploit went undetected despite the previous expert audit.\u00a0<\/p>\n

The team also plans to release a comprehensive post-mortem report once the necessary fixes have been implemented and the investigation concludes. They expect SyncSpace to be back online in the coming days.<\/p>\n

Since October 30, the price of Aurory\u2019s token, AURY, has experienced a significant upward trend, culminating in a yearly high<\/a> of $1.9008 on December 12. However, following the recent exploit, the price of AURY has retraced to $1.0868, marking a decline of 23.5% over the past 24 hours and 36.5% over the past seven days.\u00a0<\/p>\n

Despite this setback, AURY still boasts substantial gains of 74% and 70% over the 30-day and one-year periods, respectively.<\/p>\n

The market now awaits to see whether the token\u2019s support lines at $0.9681 and $0.9086 will be able to halt the potential continuation of the price drop or if they will succumb to the prevailing downtrend, putting a significant portion of its 2023 gains at risk.<\/p>\n

Featured image from Shutterstock, chart from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Aurory (AURY), a blockchain-based tactical Japanese role-playing game built on Solana<\/a> (SOL), recently experienced a significant liquidity loss in its Camelot\u2019s AURY-USDC pool.\u00a0<\/p>\n

The incident occurred due to a hack <\/a>on the SyncSpace bridge, which resulted in the unauthorized withdrawal and subsequent market sale of approximately 600,000 AURY tokens on the Arbitrum (ARB) network.\u00a0<\/p>\n

Aurory SyncSpace Bridge Hacked<\/h2>\n

In an official statement<\/a> released on December 17, Aurory\u2019s team disclosed the details of the incident. The team detected unusual activity on their marketplace and promptly initiated an investigation, which revealed that a malicious actor had exploited the marketplace\u2019s buy endpoint.\u00a0<\/p>\n

This exploit allowed the attacker to inflate<\/a> their AURY balance in SyncSpace, enabling them to withdraw around 600,000 tokens to the Arbitrum network. The attacker then liquidated the stolen amount by selling it in the market.<\/p>\n

To protect user funds, SyncSpace was promptly disabled for maintenance, temporarily suspending deposits and withdrawals. Importantly, the statement assured that no user funds or non-fungible tokens<\/a> (NFTs) were lost or at risk during the incident.\u00a0<\/p>\n

The AURY tokens originated from a team wallet, facilitating withdrawals for accounts not previously deposited AURY.<\/p>\n

Exploit Mitigated<\/h2>\n

The Aurory statement emphasized that the exploit is no longer ongoing, as SyncSpace remains offline for maintenance. As a result, there is currently no risk of further exploits. Additionally, it was confirmed that the attacker has exhausted their AURY supply<\/a> and no longer possesses any tokens to sell.<\/p>\n

Moreover, SyncSpace will investigate further to determine how the exploit went undetected despite the previous expert audit.\u00a0<\/p>\n

The team also plans to release a comprehensive post-mortem report once the necessary fixes have been implemented and the investigation concludes. They expect SyncSpace to be back online in the coming days.<\/p>\n

Since October 30, the price of Aurory\u2019s token, AURY, has experienced a significant upward trend, culminating in a yearly high<\/a> of $1.9008 on December 12. However, following the recent exploit, the price of AURY has retraced to $1.0868, marking a decline of 23.5% over the past 24 hours and 36.5% over the past seven days.\u00a0<\/p>\n

Despite this setback, AURY still boasts substantial gains of 74% and 70% over the 30-day and one-year periods, respectively.<\/p>\n

The market now awaits to see whether the token\u2019s support lines at $0.9681 and $0.9086 will be able to halt the potential continuation of the price drop or if they will succumb to the prevailing downtrend, putting a significant portion of its 2023 gains at risk.<\/p>\n

Featured image from Shutterstock, chart from TradingView.com<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-34281","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=34281"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34281\/revisions"}],"predecessor-version":[{"id":34291,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34281\/revisions\/34291"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=34281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=34281"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=34281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}