Aurory (AURY), a blockchain-based tactical Japanese role-playing game built on Solana (SOL), recently suffered a significant liquidity loss in Camelot’s AURY-USDC pool.
The incident took place due to a hacking 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 a official statement released on December 17, Aurory’s team revealed the details of the incident. The team discovered unusual activity on their marketplace and immediately launched an investigation, which revealed that a malicious actor had abused the marketplace’s buying endpoint.
This exploit made it possible to blow up the attacker their AURY balance in SyncSpace, allowing them to withdraw approximately 600,000 tokens to the Arbitrum network. The attacker then liquidated the stolen amount by selling it on the market.
To protect users’ funds, SyncSpace was immediately shut down for maintenance, temporarily suspending deposits and withdrawals. Importantly, the statement ensured that no user funds or non-fungible tokens (NFTs) were lost or compromised during the incident.
The AURY tokens are sourced from a team wallet, allowing withdrawals for accounts that have not previously been deposited with AURY.
Exploitation limited
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. Furthermore, it was confirmed that the attacker has exhausted his memory AURY Offer and no longer owns any tokens to sell.
Additionally, 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 repairs have been made and the investigation completed. 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 uptrend, culminating in a annually high from $1.9008 on December 12. However, after the recent exploit, AURY’s price has returned to $1.0868, marking a decline of 23.5% in the past 24 hours and 36.5% in the past seven days.
Despite this setback, AURY is still able to post significant gains of 74% and 70% over 30 days and one year, respectively.
The market now waits to see if the token’s support lines at $0.9681 and $0.9086 will be able to halt the potential continuation of the price decline or if they will succumb to the prevailing downtrend, causing a significant part of the profit in 2023 is at risk.
Featured image from Shutterstock, chart from TradingView.com
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