Nexera protocol has been exploited for $1.5 million worth of digital assets in another smart contract security incident.
Nexera, a decentralized finance (DeFi) protocol aiming to bridge DeFi with traditional finance, was hacked for $1.5 million worth of Nexera (NXRA) tokens, according to an Aug. 7 X post by Cyvers, that wrote:
“Our system has detected a suspicious transaction involving your proxy contract. An address took ownership of your proxy contract and upgraded it. Shortly after, the address used the withdraw admin function to transfer all the $NXRA tokens.”
While the $1.5 million counts as a relatively small incident, it comes only a day after Ronin Network was exploited for $9.8 million worth of Ether (ETH) tokens, by a suspected white hat hacker, who returned all the lost funds within a few hours.
Related: $510B crypto sell-off wipes 2024 gains for top 50 coins
This is a developing story, and further information will be added as it becomes available.
