The attacker, after minting 10 million CYS, managed to bridge about $727,000 in proceeds to Ethereum through Mayan, deBridge and SWFT's Bridgers.
This is the summary The Block publishes in its feed. The full article lives on their site.
About 2.8 million CYS remain frozen at the recipient address, while onchain records show some tokens were sold before the blacklist took effect.
Cysic said the incident was limited to bridge message processing and minting and did not affect the mainnet or other operational systems.
Applied Optoelectronics told the WSJ it objected because it was unsure how tokenization would affect its stock price, liquidity and volatility.
Police reportedly seized $7.15 million in cash, six cold wallets, seven firearms and 1,400 rounds of ammunition in searches of 15 addresses.
Five crypto ETF groups tracked by Farside lost $610.7 million during Oct. 12–16, while bitcoin withdrawals slowed 66% from the preceding week.
Strive plans fresh funding for bitcoin purchases as TD Cowen sees warrant-related stock pressure easing.
