According to TechFlow, on August 7, Nexera officially released an update on the recent security incident, saying that it had identified security vulnerabilities in the past few hours and quickly took measures to prevent further damage. Specific actions include:

• We are working with HypernativeLabs to track down the source of the vulnerability and have initiated discussions with law enforcement;

• KuCoin has suspended deposits and withdrawals, and trading will be halted in the next few hours;

• MEXC has also suspended deposits and withdrawals and has stopped trading;

• Trading on decentralized exchanges (DEX) has been suspended;

• Nexera Bridge’s cross-chain functionality has been suspended;

Earlier news revealed that the on-chain order book protocol Nexera was suspected to have been hacked, with approximately $1.5 million in assets stolen.