According to PeckShieldAlert, Syndicate’s Commons bridge was compromised on April 29, causing the native SYND token to crash 34% to a new all-time low of $0.019. The bridge was shut down to prevent further losses after accepting unverified cross-chain messages. The attack extended a series of smart contract exploits affecting the crypto space in April, with daily trading volume for SYND spiking to $2.9M in the hours following the incident. The team had not disclosed the total value of assets lost at the time of the announcement.
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