CYS Exploit Forces Cysic to Halt Cross-Chain Bridge
The exploit was confined to bridge minting, but 7.2M unauthorized CYS were sold and converted into about $727K in ETH before the blacklist.
Every Zipp story tagged #CrossChainSecurity, newest first.
The exploit was confined to bridge minting, but 7.2M unauthorized CYS were sold and converted into about $727K in ETH before the blacklist.
The switch makes bridge security a core public-sector decision and gives Chainlink CCIP a prominent role in Wyoming's stablecoin rollout.
The Wyoming Stable Token Commission is the first US public entity to swap blockchain infrastructure on security grounds, joining a $15B migration wave triggered by the $292M Kelp DAO exploit.