FOR ME, THIS IS VERY IMPORTANT NEWS FOR ME & ALL THOSE WHO YESTERDAY BOUGHT THE TOKEN $NES DE ON BINANCE ALPHA, DUE TO WHAT HAPPENED...
The Layer-1 Nesa network ($NES ) —recently boosted in the Binance Alpha ecosystem— suffered a significant cyberattack that caused a sharp drop in the token price.
Key incident details:
Vulnerability and Illicit Mining: The attackers exploited a security flaw in the Cosmos EVM infrastructure of the Nesa Layer-1 network.
This enabled the creation and unauthorized mining of approximately $55 million in NES tokens from a single digital wallet.
Mass Sale on DEXs: The attacker bridged nearly 62.9 million NES tokens to the Ethereum network and proceeded to liquidate a large portion of liquidity on decentralized exchanges (DEXs) to convert them into other assets. The exploiter is still estimated to hold around $18 million in the attacker’s wallet.
Price Drop: After the quick sale and liquidity withdrawal, the NES token price crashed by 40% within a matter of hours.
Actions Taken: The Nesa development team publicly confirmed the vulnerability and reported that they paused deposit operations on exchanges while applying a software patch to fix the issue.
NOTE: Deposits and services will be reactivated once complete security of the ecosystem is verified.
#Binance #BinanceAlpha
The Layer-1 Nesa network ($NES ) —recently boosted in the Binance Alpha ecosystem— suffered a significant cyberattack that caused a sharp drop in the token price.
Key incident details:
Vulnerability and Illicit Mining: The attackers exploited a security flaw in the Cosmos EVM infrastructure of the Nesa Layer-1 network.
This enabled the creation and unauthorized mining of approximately $55 million in NES tokens from a single digital wallet.
Mass Sale on DEXs: The attacker bridged nearly 62.9 million NES tokens to the Ethereum network and proceeded to liquidate a large portion of liquidity on decentralized exchanges (DEXs) to convert them into other assets. The exploiter is still estimated to hold around $18 million in the attacker’s wallet.
Price Drop: After the quick sale and liquidity withdrawal, the NES token price crashed by 40% within a matter of hours.
Actions Taken: The Nesa development team publicly confirmed the vulnerability and reported that they paused deposit operations on exchanges while applying a software patch to fix the issue.
NOTE: Deposits and services will be reactivated once complete security of the ecosystem is verified.
#Binance #BinanceAlpha