Syscoin recovers and burns 5 billion hack tokens
Jun 17, 2026
< 1 min read
by Hannah Collymore
for CryptoPolitan

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AI Overview
Syscoin recovered and destroyed 5 billion SYS tokens that an attacker minted via a flaw in its cross-chain bridge, burning supply to restore pre-exploit levels. The exploit underscores crypto security risks in cross-chain DeFi infrastructure, the bridge remains offline pending fixes, and the incident may pressure token performance and adoption until the protocol is audited and relaunched.
Bearish
Syscoin’s team has recovered and destroyed 5 billion SYS tokens that an attacker minted through a flaw in the project’s cross-chain bridge. Syscoin had to burn the minted tokens to restore its supply to its pre-exploit levels; however, its bridge remains offline. How did the exploit happen? The Syscoin team stated that they detected the...
