Nexera Hacked, Attacker Sells Stolen Goods

Nexera Hacked: Attackers Take Control of Proxy Contract

Blockchain infrastructure developer Nexera fell victim to a cyberattack on Wednesday, resulting in a significant breach of security. The attackers wasted no time in exploiting their access and selling off the stolen assets. This incident comes hot on the heels of the Ronin Bridge attack, underscoring the grave dangers posed by cyber threats to the industry.

Immediate Response from Cybers

Upon detecting suspicious transactions linked to the Nexera proxy contract, blockchain security company Cybers swiftly reported the breach. The attackers managed to gain control by upgrading the proxy contract, enabling them to start liquidating the stolen tokens. According to reports, the estimated losses from this breach amount to around $1.5 million.

Impact on NXRA Token and Decentralized Exchanges

Following the attack, Certik revealed that Nexera’s multisig was exploited, resulting in the unauthorized access of 47.253 million NXRA tokens. The attackers were connected to the Binance Smart Chain, further complicating the situation. Nexera has taken proactive steps by suspending the NXRA token contract and coordinating with decentralized exchanges to halt trading. The network has advised all token holders to refrain from trading until the security issue is fully addressed.

This recent breach marks the second attack on Nexera, following a previous incident involving the ALBT project. Despite the efforts to contain the situation, the vulnerability of the cryptocurrency industry to cyber threats remains a pressing concern. The company’s CEO, Rachid Ajaja, has yet to comment on the breach.

As a result of the hack, the value of Nexera’s native token, NXRA, has experienced a sharp decline, dropping by 41% since trading resumed on Wednesday.