Aurory’s USDC pool drained on Arbitrum’s DEX Camelot

The Solana-based Aurory gaming ecosystem was reported to have been breached on December 17, resulting in a nearly 80% drop in liquidity for the AURY-USDC pool on the Carmelot decentralized exchange (DEX).

According to unconfirmed reports on .

Cointelegraph reached out to the Aurory team but has not yet received a response.

Liquidity of the AURY-USDC pool in Camelot V3. Source: Camelot

SyncSpace acts as Aurory's bridge, allowing Users can trade items between on-chain and off-chain with a single transaction. It allows assets earned in the game that are initially off-chain to be moved to the blockchain when the user chooses to desync them.

In a blog post introducing the feature in October 2022, the Aurory team considered A hack between SyncSpace is impossible since the technology requires signatures for sync/desync assets.

In a thread on X, Aurory team member Tim explained that the chips belonging to the team were stolen and sold immediately. “We have been buying back the tokens while we investigate what happened,” she said, adding that an autopsy will be released after an audit is completed.

AURY is trading at $1.23 at the time of writing, down 11% from the previous 24 hours. The attack dropped the price of the token to $1.13. "The exploiter oppenheimer the chart, the bottom buyers did it 5 times at 45 million and now the whole group is wrecked with very little liquidity," one user wrote.

The weekend was marked by other security incidents affecting the crypto industry. On December 16, trading platform NFT Trade experienced an exploit in two of its old smart contracts, allowing the theft of nearly $3 million worth of non-fungible tokens (NFTs). Most of the tokens were returned after a 10% reward was paid to the attacker.

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