Nexera, bolstered by DID technology, sees a staggering 40% plunge in NXRA token price after a $1.5 million security breach.
In Brief
At the moment, the native cryptocurrency of Nexera, known as NXRA, is trading at $0.03627. This figure indicates a drop exceeding 40.83%, all resulting from a recent security incident.
The native token associated with this decentralized finance (DeFi) platform, NXRA, is currently priced at $0.03627. This reflects a dramatic drop of over 40.83% in just the past 24 hours, according to CoinMarketCap. This decline follows a serious security breach that is estimated to have caused a financial loss of around $1.5 million. Nexera Earlier today, a blockchain security firm named Cyvers raised alarms about a peculiar transaction tied to Nexera’s proxy contract. They reported that a certain address managed to take control of the proxy contract and modified it. Following this, the same address executed the withdraw admin function, draining all NXRA tokens.
As a result, the stolen tokens have been liquidated for Ethereum (ETH), with a portion of the funds already moved to the BNB blockchain.
Our monitoring system has flagged a suspicious transaction related to your proxy contract.
After detecting the breach, Nexera The development team is probing an exploit that impacts smart contracts containing NXRA tokens.
Nexera: What Is It?
The goal of the platform is to bridge traditional financial markets with decentralized finance (DeFi) by providing a diverse range of instruments and solutions for the issuance, management, and trading of assets, all while adhering to regulatory standards.
Nexera benefits from the security features offered by the Nexera Protocol, which includes decentralized digital identity (DID) solutions, compliance processes, auditing measures, and strategic partnerships. tokenization Please be aware that the information shared on this page should not be construed as legal, tax, investment, or financial advice. It is crucial to invest only what you can afford to lose and to seek independent financial counsel if you have any uncertainties. For more insights, we recommend reviewing the terms and conditions along with the help and support sections provided by the issuer or advertiser. MetaversePost is dedicated to delivering accurate and unbiased information, but market conditions can change unexpectedly.
Alisa, a passionate journalist for Cryptocurrencylistings, focuses on cryptocurrency trends, zero-knowledge proofs, investment strategies, and the vast realm of Web3. With a sharp insight into the latest innovations, she provides in-depth reporting that keeps readers informed and engaged in the fast-paced world of digital finance.
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