Wu said he learned that Syndicate tweeted that Syndicate Labs experienced a security incident. A private key leak allowed attackers to maliciously upgrade bridge contracts on two chains, transferring approximately 18.5 million SYND and about $50,000 worth of customer tokens; affected parties will receive full compensation, and SYND holders will receive additional compensation. Syndicate stated the attack involved multi‑stage reconnaissance, infrastructure mapping, exploit development and precise execution, and internal personnel involvement has been ruled out; they have added an extra encryption layer to developer keys and restricted access, plan to introduce hardware support or multisig signatures for upgrades, and have set up alerts and circuit‑breaker mechanisms. https://t.co/oxisw4ILJj
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177.1K @wublockchain12 177.1K @wublockchain12 According to a post by Syndicate, its Commons cross‑chain bridge experienced a security incident and is currently working with a security firm to track the attackers. Syndicate said it is investigating the abnormal price movement of the SYND token and recommends users stop providing liquidity until the issue is resolved. Additionally, the team stated that Syndicate has sufficient token reserves to assist affected users. PeckShield monitoring shows that the security flaw has caused the SYND token price to drop 35%. https://t.co/3bejMwDJLM
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352.3K @RichardHeartWin Another bridge hack. You should make sure your private keys stay private, or bad stuff happens. https://t.co/TyIMbnbPuy
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74.0K @syndicateio Syndicate Labs experienced a security incident. A private key compromise enabled malicious upgrades to bridge contracts on two chains, moving ~18.5M SYND and ~$50,000 of tokens from customer chains.
All impacted parties are being made whole. Details below ↓
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