Blockchain Protocol Nexera: A hack cost $1.5 million and compromised the Nexera blockchain infrastructure technology, focusing on tokenization. The breach announcement was made on X, suggesting that the company is actively investigating the matter. AllianceBlock was the company’s prior name.
Nexera has stopped trading on decentralized exchanges and put the NXRA token contract on hiatus to respond to the exploit. In addition, the business has stated that it is working to contact centralized exchanges to halt trading.
“Although we have not yet completed analyzing the data, we may disclose the following: A halt has been placed on the $NXRA token contract. Trading has been suspended due to…In a tweet dated August 7, 2024, Nexera
NXRA Token Drops After Hack
According to data from CoinMarketCap, the NXRA coin has fallen 40% since the exploit and is currently trading at $0.033. According to Zapper’s data, the hacker now has 32.5 million NXRA tokens worth $1.23 million and $555,000 worth of Tether’s USDT stablecoin.
As a side note, the hacker has started selling NXRA tokens for Ethereum. According to Cyvers, certain monies have already been moved to the BNB chain.
The $BNB chain has already received some of the earnings, and the address is now selling all tokens for $ETH. According to Cyvers, the total loss is believed to be approximately $1.5 million. Our system has flagged an unusual transaction concerning your proxy agreement.
“Your proxy contract was upgraded by an address that assumed control. Not long after that, the whole holding of $NXRA tokens was transferred using the withdraw admin function. On August 7, 2024, Cyvers Alerts wrote a tweet.
To evade cybersecurity companies’ attempts to trace them, hackers frequently turn stolen tokens into Ether and then use cryptocurrency mixers like Tornado Cash to wash the money. According to on-chain statistics, this appears to be the exploiter’s second malevolent conduct.
According to blockchain investigator ZachXBT’s disclosure on Telegram, the attacker has been linked to several recent cases involving compromised private keys. These incidents affected SpaceCatch, Concentric Finance, OKX DEX, Serenity Shield, and Reach.
Hackers Steal $266M in July
Approximately $266 million was stolen in 16 distinct breaches in July, causing huge losses for the crypto sector. Of particular note was the assault on the Indian cryptocurrency exchange WazirX on July 18th, which caused losses of almost $230 million (or 86.4% of the total) for the month.
Blockchain Protocol Nexera: Compound Finance, an algorithmic protocol, lost $24 million in July’s crypto attacks; Li.Fi, a bridge protocol, lost $10 million; Bittensor, a decentralized AI protocol, and Rho Markets, a liquidity provider, each lost $8 million.
Hackers would move their stolen funds to Tornado Cash, a cryptocurrency mixer, to evade detection. The value of stolen assets increased dramatically in just one month, with a decrease in June to $176 million split among about 20 occurrences, compared to July’s higher loss.
At the tail end of July, the Terra blockchain experienced a major event. Significantriefly stopped working at block height 11430400 after a hack stole $6 million. A hacker took advantage of a known vulnerability to steal 60,000,000 ASTRO tokens, 500,000 USD, 3.5,000,000 USD Coin, and 2.7 Bitcoin. U.S. Homeland Security Investigations (HSI) has filed charges against a Las Vegas resident for running a scam involving the recovery of cryptocurrencies.
