Nexera (NXRA) Loses $1.5 Million to Hackers. Here’s What Happened
Nexera was a victim of a cyberattack by a prominent attacker. They carted away $1.5 million during the exploit
Nexera (NXRA) suffered a data breach, and the hackers stole some funds. The project lost $1.5 million in various crypto assets.
Nexera Hacker is not a Noob
The exploit was connected to a broader series of incidents involving private key compromises. Notably, the attacker was also behind recent breaches affecting several high-profile entities, such as SpaceCatch, Concentric Finance, OKX DEX, Serenity Shield, and Reach, among others.
This connection suggests a coordinated effort targeting multiple projects in the cryptocurrency space.
On-chain observers tracked the stolen funds to two Ethereum addresses;
0xe697949817a45446776376db203c04d31b580a10
And
0x6bd33c8256f7a37336b2b8fe967321e25540337b.
Moreover, Blockchain forensics and monitoring tools are currently tracing these addresses in an attempt to prevent further movement of the stolen assets to aid in any potential recovery efforts.
The breach has huge implications. Ongoing vulnerabilities in the cryptocurrency sector highlight this case, particularly regarding private key management and several security measures. As the industry continues to grow, maintaining robust security becomes increasingly critical to safeguarding digital assets and preventing future incidents.
Addressing the current situation, Nexera stated; “The team is investigating an exploit involving smart contracts containing NXRA tokens”. The company would work closely with law enforcement and cybersecurity experts to control the impact and recover the stolen funds. They will ensure to make swift moves in order to protect their users and financial assets.
The $NXRA token contract has paused. They halted trading on decentralized exchanges and are now working with centralized exchanges to stop trading.
UK Sentence Hacker
The affected project will look to law enforcement to apprehend the hacker. They look forward to the same justice a UK hacker recently had.
A UK computer hacker has been sentenced to three and a half years in prison for his involvement in a phishing scam that compromised over 500 Coinbase accounts in 2018 and 2019.
Elliot Gunton pleaded guilty to conspiracy to commit fraud and money laundering for his role in stealing more than $900,000 from these accounts. He accessed the accounts by redirecting online log-ins to a fake website.
