Nexera DeFi Protocol Compromised in $1.5 Million Exploit

Aug 7, 2024, 07:03 AM

Nexera's DeFi protocol has reportedly been compromised, resulting in an estimated loss of $1.5 million. According to Cyvers Alerts, an attacker gained control of Nexera's proxy contract, upgraded it, and used the withdraw admin function to transfer all NXRA tokens. The Nexera team is currently investigating the exploit involving smart contracts containing NXRA tokens.