Blockchain Protocol Nexera Falls Victim to $1.5M Exploit
Nexera, a blockchain infrastructure protocol specializing in tokenization, has been exploited, resulting in a loss of $1.5 million.
The company, previously known as AllianceBlock, announced the breach on X, indicating that they are actively investigating the incident.
In response to the exploit, Nexera has paused the NXRA token contract and halted trading on decentralized exchanges.
The company added that efforts are underway to communicate with centralized exchanges to suspend trading activities as well.
Announcement
The team is investigating an exploit involving smart contracts containing NXRA tokens.
While we are still finalizing our findings, there are already a couple of things that we can share:
1️⃣ The $NXRA token contract has already been paused. Trading is halted on…
— Nexera (@Nexera_Official) August 7, 2024
As of now, the NXRA token is trading at $0.033, a 40% drop since the exploit, based on CoinMarketCap data.
Data from Zapper indicates the attacker currently possesses 32.5 million NXRA tokens, valued at $1.23 million, along with $555,000 in tether’s USDT stablecoin.
Meanwhile, the hacker has begun liquidating NXRA tokens for Ether.
Cyvers reported that some of these funds have already been transferred to the BNB chain.
“The address is currently selling all the tokens for $ETH, and some of the funds have already been bridged to the $BNB chain. The total estimated loss is around $1.5 million,” Cyvers said.
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