Overview
- Cysic recorded an unauthorized mint of 10 million CYS on BNB Smart Chain and took its cross‑chain bridge offline after the incident was detected.
- The project blacklisted a recipient wallet that held about 2.8 million of the minted tokens roughly 76 minutes after the mint, while the remaining tokens had moved elsewhere.
- Cysic has engaged third‑party security firms and says early investigation links the breach to unauthorized database access plus manipulated bridge message processing, though the full attack path is not yet confirmed.
- On‑chain tracking reported by investigators connected about 7.2 million moved tokens to roughly 306.6 ETH, near $727,000, but Cysic has not verified total proceeds or confirmed any recoveries.
- The unauthorized issuance equals 1% of the 1 billion max CYS supply and increases dilution risk for holders while highlighting recurring off‑chain vulnerabilities in cross‑chain bridge systems; watchdog reports and a public forensic report are expected next.