Solana-Based Aurory Suffers Devastating Exploit: 80% Of Liquidity Gone

Aurory (AURY), a blockchain-based tactical Japanese role-playing game built on Solana (SOL), recently experienced a significant liquidity loss in its Camelot’s AURY-USDC pool

The incident occurred due to a hack 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

Aurory SyncSpace Bridge Hacked

In an official statement released on December 17, Aurory’s team disclosed the details of the incident. The team detected unusual activity on their marketplace and ly initiated an investigation, which revealed that a malicious actor had exploited the marketplace’s buy endpoint

This exploit allowed the attacker to inflate 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.

To protect user funds, SyncSpace was ly disabled for maintenance, temporarily suspending deposits and withdrawals. Importantly, the statement assured that no user funds or non-fungible tokens (NFTs) were lost or at risk during the incident

The AURY tokens originated from a team wallet, facilitating withdrawals for accounts not previously deposited AURY.

Exploit Mitigated

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 and no longer possesses any tokens to sell.

Moreover, SyncSpace will investigate further to determine how the exploit went undetected despite the previous expert audit

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.

Since October 30, the price of Aurory’s token, AURY, has experienced a significant upward trend, culminating in a yearly high 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

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

The 1-day chart shows AURY’s uptrend and subsequent price drop following its recent exploit. Source: AURYUSDT on TradingView.comThe market now awaits to see whether the token’s 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.

Featured image from Shutterstock, chart from TradingView.com

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