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The Solana-based gaming platform Aurory was reportedly compromised on December 17, leading to a nearly 80% decrease in the liquidity of the AURY-USDC pool on the decentralized exchange (DEX) Camelot.
As per unverified reports on X (formerly Twitter), the breach targeted Aurory’s SyncSpace bridge on Arbitrum’s native DEX Camelot around 13:00 UTC, causing the liquidity of the AURY-USDC pool to plummet to approximately $312,000 from $1.5 million.
Cointelegraph has reached out to Aurory’s team but has not yet received a reply.
AURY-USDC pool liquidity on Camelot V3. Source: Camelot
SyncSpace serves as Aurory’s bridge, enabling users to transfer items between on-chain and off-chain with a single transaction. It allows assets earned in-game that are initially off-chain to be transferred to the blockchain when the user opts to DeSync them.
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In a blog post that introduced the feature in October 2022, Aurory’s team asserted that a cross-SyncSpace hack was unfeasible since the technology necessitates signatures to Sync/DeSync assets.
In a thread on X, Aurory team member Tim clarified that tokens belonging to the team were taken and quickly sold. “We’ve been repurchasing the tokens as we investigate what occurred,” he stated, mentioning that a post-mortem would be published following the completion of an audit.
AURY is currently trading at $1.23, reflecting an 11% decline over the past 24 hours. The attack caused the token price to drop to $1.13. “The exploiter oppenheimer’d the chart, bottom buyers did 5x in 45m and now the whole pool is whack with very little liquidity,” a user commented.
The weekend also saw other security breaches impacting the cryptocurrency sector. On December 16, the trading platform NFT Trade suffered an exploit in two of its older smart contracts, resulting in the theft of nonfungible tokens (NFTs) valued at nearly $3 million. Most of the tokens were returned after a 10% bounty was offered to the attacker.
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