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Key Takeaways:

Nexera suffered a $1.8 million exploit, prompting an investigation and a halt on NXRA token trading.
The NXRA token value dropped 40% post-exploit, as reported by CoinMarketCap.
The attacker, linked to previous key compromise incidents, holds 32.5 million NXRA tokens and $555,000 in USDT.

Nexera, a blockchain infrastructure protocol specializing in tokenization, suffered a $1.8 million exploit, as reported by crypto security firm Cyvers.

The company, formerly known as AllianceBlock, announced it is investigating the breach.

Announcement

The team is investigating an exploit involving smart contracts containing NXRA tokens.

While we are still finalizing our findings, there are already a couple of things that we can share:
1️⃣ The $NXRA token contract has already been paused. Trading is halted on…
— Nexera (@Nexera_Official) August 7, 2024

Following the incident, Nexera paused the NXRA token contract and halted trading on decentralized exchanges, also coordinating with centralized exchanges to suspend trading.

The NXRA token dropped 40% to $0.036 after the exploit, according to CoinMarketCap.

NEXERA'S HACK: TOKEN PRICE DIVES

Nexera just got hit by a $2.9 million hack, with 47 million NXRA tokens stolen.

Attackers hijacked a proxy contract and drained the tokens, converting them into Ethereum and moving some to Binance Smart Chain.

NXRA’s price crashed 140% to… pic.twitter.com/pmw2lVKZF0
— IBC Group Official (@ibcgroupio) August 7, 2024

Blockchain investigator ZachXBT revealed on Telegram that the attacker is linked to multiple incidents involving compromised private keys, affecting projects like SpaceCatch and OKX DEX.

Data from Zapper shows the attacker holds 32.5 million NXRA tokens worth $1.23 million and $555,000 in USDT stablecoin.