Nexera DeFi Platform Exploited, $1.5M to $1.8M Lost, 47M NXRA Drained

Aug 7, 2024, 07:44 AM

Nexera, a decentralized trading platform, has been exploited, resulting in a loss of approximately $1.5 million to $1.8 million. The attack involved an unauthorized entity gaining control of Nexera's proxy contract, upgrading it, and subsequently withdrawing all NXRA tokens. The Nexera team has paused the NXRA token contract and halted trading as they investigate the exploit. Reports indicate that 47 million to 47.253 million NXRA tokens were drained, with some converted to $448k USDT. The attacker is linked to recent private key exploits.