Blockchain Protocol Nexera Suffers $1.8M Exploit, NXRA Tumbles 40%

Categories Cryptocurrencies Time Aug 07, 2024
  • The attacker currently holds $1.8M worth of crypto including 32.5 million NXRA tokens.
  • Nexera has paused the smart contract and trading on decentralized exchanges; the token fell 40%.
  • The attacker is linked to a string of previous compromised private key exploits including the OKX DEX hack.

Nexera, a blockchain infrastructure protocol that focuses on tokenization, has suffered an exploit with $1.8 million being stolen, according to crypto security firm Cyvers .

The company, formerly known as AllianceBlock, posted an announcement on X saying it "identified the exploit" and is in discussions with law enforcement.

The NXRA token contract has been paused and trading halted on decentralized exchanges . Nexera said it is in communication with centralized exchanges to pause trading on their platforms. Kucoin and MEXC have already halted deposits and withdrawals.

The NXRA token is trading at $0.036, down 40% since the exploit occurred, according to CoinMarketCap .

Blockchain sleuth ZachXBT revealed on Telegram that the attacker is connected to a string of recent compromised private-key incidents including SpaceCatch, Concentric Finance, OKX DEX, Serenity Shield and Reach.

Data from Zapper shows that the attacker holds 32.5 million NXRA tokens worth $1.23 million and $555,000 of tether's USDT stablecoin.

CORRECTION (Aug. 7, 09:10 UTC): Corrects protocol's name to Nexera from Nexara.

UPDATE (Aug. 7, 11:17 UTC): Adds quote from Nexera, details of exchanges halting deposits.