| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107298.7800000000 |
| ETH | $2432.4910000000 |
| BNB | $648.8197400000 |
| XRP | $2.1873210000 |
| ADA | $0.5671629000 |
| SOL | $150.1346000000 |
| DOGE | $N/A |
| DOT | $3.3987000000 |
| LTC | $86.7777000000 |
| LINK | $13.3566500000 |
Category: CRYPTO NEWS
The post Oxpya Origin Token Compromised in Major Hack, $OXYZ Value Drops 86% Amid Ongoing Investigation appeared on BitcoinEthereumNews.com. A major security failure has rocked the Ethereum network. The $OXYZ token, part of the Oxya Origin project, has been targeted by a hacker who compromised the project’s deployer wallet. In an apparent coordinated attack, the bad actor was able to mint billions of $OXYZ tokens, which have seen a rapid and dramatic decline in the price. Since the incident, $OXYZ value has decreased 86%, and the breach is now under intense scrutiny. The Incident: Attackers Mint Billions of $OXYZ Tokens The initial flag for the hack was from the Cyver Alert system. It detected an abnormal transaction pattern involving Oxya Origin on the Ethereum blockchain. The alert explained that the deployer wallet for Oxya Origin—which has admin control over the $OXYZ token—had been compromised. Because of this breach, the attacker was then able to transfer ownership of the token to some address that we can only assume was controlled by the attacker. Now, the attacker has minting rights over the $OXYZ token. From what seems to be a well-coordinated assault, the hacker minted an unbelievable 9 billion $OXYZ tokens, a move that crushed the market with an oversupply of the asset that was already just a few steps away from being deemed “toxic” by analysts. To convert those stolen tokens into something that could work as “money,” the attacker quickly carried out a series of swaps that netted them about $45,000 in more stable assets before doing an ostensibly more legal-seeming bridge to another blockchain using the Stargate protocol. Because of the minting and immediate liquidation of such a large number of tokens, the price of $OXYZ dropped nearly 86%, catching investors and traders off guard. After that, the hacker did not stop there. Minting the tokens was just the first step. The next move was to transfer the…
2025-04-25T03:44:10+00:00