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CrossCurve Confirms EYWA Tokens Secure Despite $3M Ethereum Bridge Exploit

CrossCurve states that the Ethereum bridge exploit has been contained, with XT Exchange blocking hacker access and Arbitrum-based EYWA unaffected.

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Summary

CrossCurve announced that the recent exploit targeting its Ethereum bridge has been contained. The incident involved the theft of EYWA tokens, but XT Exchange froze Ethereum deposits linked to the breach, preventing the attackers from selling the compromised assets. EYWA tokens on the Arbitrum network were not impacted. CrossCurve is working with multiple centralized exchanges to prevent circulation of the stolen tokens and continues to investigate the breach.

Terms & Concepts
  • Ethereum bridge: A protocol enabling the transfer of assets or data between Ethereum and other blockchain networks.
  • Arbitrum: A layer-2 scaling solution for Ethereum that enables faster and cheaper transactions.
  • Token freeze: A process where an exchange or protocol renders specific stolen or suspicious tokens unusable.