Syscoin Reports 5B SYS Unauthorized Release on UTXO Bridge; Funds Destroyed, Supply Restored

According to ChainCatcher, Syscoin released a bridge security report regarding a UTXO-to-NEVM bridge vulnerability that led to the unauthorized release of approximately 5 billion SYS tokens on the UTXO side. The affected funds were subsequently returned to the official recovery address and destroyed via standard OP_RETURN, eliminating the possibility of reuse by the protocol and restoring the on-chain SYS supply to expected levels.

The bridge functionality remains suspended while the team completes final review and repairs to fix the cross-layer parsing vulnerability.