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Blockchain infrastructure provider Nexera suffered a major attack, losing $1.8 million. This incident was confirmed by crypto security firm Cyvers. Following the attack, Nexera announced they are investigating the situation and have halted the smart contract. Additionally, efforts are ongoing to stop trading by communicating with centralized exchanges.
NXRA Token Loses Value
Following the attack, the NXRA token experienced a significant drop in value. The token’s value fell by 40% to $0.036. This situation has caused great concern among investors and Nexera users. Nexera continues to communicate with centralized exchanges to halt trading.
Blockchain detective ZachXBT revealed on Telegram that the attacker is linked to several previous private key hacks. These attacks include platforms like SpaceCatch, Concentric Finance, OKX DEX, Serenity Shield, and Reach. The attacker currently holds 32.5 million NXRA tokens and $555,000 worth of USDT.
This attack has once again highlighted the security vulnerabilities in the Blockchain and cryptocurrency world. Nexera, previously known as AllianceBlock, offered a Blockchain protocol focused on tokenization. However, such attacks continue to undermine the confidence of users and investors. Crypto security firms like Cyvers are constantly working to prevent such incidents.
Relentless Attacks
Cryptocurrency world frequently experiences such attacks. According to Crystal Intelligence, a total of $19 billion worth of cryptocurrency has been hacked since 2011. In February alone, $67 million worth of cryptocurrency was lost.
Ari Redbord from TRM Labs emphasized that these incidents need to be taken more seriously. Legal experts highlight that hacks linked to North Korea pose a significant problem.
