Nexera, a blockchain platform, is grappling with a major crypto hack. This security breach resulted in the theft of 34 million NXRA tokens. This incident was detected by Cyvers Alert, a blockchain security firm, which identified a suspicious transaction involving Nexera’s proxy contract. The breach occurred when an unknown address took ownership of Nexera’s proxy contract, upgraded it, and used the withdraw admin function to transfer the NXRA tokens.
Details Of The Latest Crypto Hack
The attackers quickly moved the stolen tokens, estimated to be worth around $1.5 million. The NXRA tokens were subsequently converted them into Ethereum (ETH). Moreover, some of the funds have already been bridged to the Binance Smart Chain (BNB Chain), complicating efforts to trace and recover the assets.
In an official announcement, Nexera acknowledged the exploit and assured stakeholders that they are diligently investigating the breach. The company highlighted the critical steps they have taken to
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