Syndicate suffers exploit linked to Commons bridge compromise; SYND slides 36%
The Block
Syndicate's SYND token dropped 36% following a $330,000 exploit linked to its Commons bridge.Summary
The Ethereum infrastructure platform Syndicate reported an exploit involving its Commons cross-chain bridge, resulting in approximately $330,000 in losses. Security firm CertiK identified that the attacker obtained 18.5 million SYND tokens and bridged the proceeds to Ethereum. In response, the price of SYND plummeted by 36%. The Syndicate team is currently investigating the breach and has pledged to explore options to compensate affected users.
(Source：The Block)