Solana-based aurory ecosystem faces 80% liquidity drain

The security infrastructure of Solana-based gaming ecosystem Aurory was breached by fraudsters, resulting in an 80% liquidity loss in the AURY-USDC pool on the decentralized crypto exchange Camelot. The exploit specifically targeted the SyncSpace Aurory bridge on Camelot’s native DEX Arbitrum, diminishing the liquidity pool from around $1.5 million to $312,000. The Aurory project team acknowledged the security breach, revealing that scammers accessed assets worth $600,000. They assure users that their assets remain secure, and investigations are ongoing, leading to a temporary halt in deposits and withdrawals.

The incident prompted a 17% decline in the AURY ecosystem’s native token, reaching $1.17 in the last 24 hours before briefly dipping to $1.13. Despite the hack, the token has exhibited positive performance over the past month, registering an 86% increase from its value of $0.60 one month ago.

SyncSpace serves as an Aurory bridge, enabling users to seamlessly transfer items between on-chain and off-chain with a single transaction. This functionality allows game-derived assets initially off-chain to transition onto the blockchain when users opt to desynchronize them.

TRM Labs reports that from January to mid-December 2023, hackers pilfered approximately $1.7 billion in cryptocurrency assets from specialized organizations and users. This marks a notable decrease compared to 2022, with about half the amount stolen in 2023. The total loss of cryptocurrency assets from users and specialized services in 2022 reached nearly $4 billion.