Significant Exploit Hits Cross-Chain Infrastructure
A security incident has compromised a service facilitating asset transfers across different blockchains. Exploiters targeted the protocol's bridge layer connecting to the TON network, leading to an estimated loss of $2.8 million. The affected assets include USDT, BLUM, and a TON-related token, tsTON.
Scope of Impact and Immediate Response
Officials confirmed that the protocol's native token, assets on the TON mainnet, and all ERC-20 tokens bridged from the Ethereum network remain secure and unaffected. In response, all bridge services have been temporarily suspended.
The team is collaborating with external security auditors, law enforcement, and specialized response units to trace and attempt to freeze the stolen funds. Forensic analysis and system remediation are underway. A comprehensive report with technical details is expected within the next 48 hours.
User Compensation and Recovery Strategy
The project's foundation has outlined its primary recovery plan, focusing on user compensation. The strategy involves a legally structured sale of a portion of the foundation's reserves of the protocol's native token. The proceeds from this sale will be dedicated to reimbursing users who suffered losses in the attack.
This measure is designed not only to address user compensation but also to help restore overall protocol liquidity and market confidence. The team commits to providing continuous, transparent updates on the investigation and compensation process through official channels.