Nexera Loses $1.5M, Axie Infinity Hit for $9.85M in Separate Exploits

• Nexera protocol suffers $1.5M exploit, NXRA tokens stolen. 
• Axie Infinity attacked again, MEV bot drained $9.85M. 
• Smart contract vulnerabilities exposed, highlighting DeFi security concerns.

A security breach on the on-chain order book protocol Nexera has resulted in an estimated loss of $1.5 million, as reported by Cyvers Alerts. The exploit involved an unauthorized address gaining control of Nexera’s proxy contract, leading to the theft of all NXRA tokens.

Cyvers Alerts revealed that the attacker upgraded the contract and used the withdrawal management function to transfer all NXRA tokens to itself.

Consequently, the stolen tokens were sold for Ethereum (ETH), and part of the funds were bridged to the Binance (BNB) chain. The total estimated loss from this attack is approximately $1.5 million. This incident u…

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