Aurory (AURY), a tactical Japanese role-playing game built on Solana (SOL), recently encountered a notable liquidity loss in its Camelot’s AURY-USDC pool. The incident occurred due to a hack on the SyncSpace bridge, where approximately 600,000 AURY tokens on the Arbitrum (ARB) network were unlawfully withdrawn and sold in the market.
On December 17, Aurory’s team released an official statement disclosing the details of the incident. The team became aware of unusual activity on their marketplace and immediately initiated an investigation. The investigation revealed that a malicious actor had taken advantage of the marketplace’s buy endpoint, allowing them to inflate their AURY balance in SyncSpace. Subsequently, the attacker withdrew around 600,000 tokens to the Arbitrum network and liquidated them by selling in the market.
To safeguard user funds, SyncSpace was rapidly disabled for maintenance, temporarily suspending deposits and withdrawals. The statement reassured users that no funds or non-fungible tokens (NFTs) had been lost or put at risk during the incident. The AURY tokens involved in the incident originated from a team wallet, enabling withdrawals for accounts that had not previously deposited AURY.
With SyncSpace remaining offline for maintenance, the exploit is no longer ongoing, eliminating the risk of further exploits. Additionally, the attacker has exhausted their AURY supply, rendering them without any tokens to sell. SyncSpace will conduct a thorough investigation to determine how the exploit went undetected, despite a previous expert audit.
The team plans to release a comprehensive post-mortem report once the necessary fixes have been implemented and the investigation concludes. They anticipate that SyncSpace will be back online in the coming days, allowing users to resume their activities on the platform.
Aurory’s token, AURY, witnessed a substantial upward trend since October 30, reaching a yearly high of $1.9008 on December 12. However, following the recent exploit, the price of AURY has retraced to $1.0868, indicating a decline of 23.5% over the past 24 hours and 36.5% over the past seven days.
Despite the setback, AURY still boasts significant gains of 74% and 70% over the 30-day and one-year periods, respectively. The market now waits to see if the token’s support lines at $0.9681 and $0.9086 can halt the potential continuation of the price drop or if they will succumb to the prevailing downtrend, putting a significant portion of its 2023 gains at risk.
The Aurory incident serves as a reminder of the vulnerabilities faced by blockchain-based platforms. While the team promptly responded to mitigate the impact and protect user funds, the exploit raises concerns about the overall security measures implemented by SyncSpace. As the investigation progresses and the necessary improvements are made, users and investors will eagerly await the post-mortem report, hoping for transparency and insights that can prevent similar incidents in the future.
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