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Syscoin bridge exploited via validation flaw, creating $8M in unauthorized SYS tokens.

Market News
08 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

Syscoin's bridge was exploited due to a transaction-proof validation flaw that allowed manipulated data to bypass verification, resulting in about 5 billion unauthorized SYS tokens being created. This flaw did not involve private key theft but a logic failure in the bridge's proof-verification process. The incident caused SYS's price to drop over 40%, highlighting the risks in cross-chain systems where validation errors can severely impact supply integrity and market confidence. The bridge is currently paused as the team works on remediation and tracing the affected funds.

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