Nexera, a blockchain infrastructure protocol known for its tokenization solutions, recently experienced a significant security breach that resulted in the theft of $1.8 million, as revealed by cybersecurity experts from Cyvers. Formerly known as AllianceBlock, Nexera identified a vulnerability that allowed the attack to occur and is now cooperating with law enforcement to investigate the incident.
In response to the breach, the NXRA token contract has been suspended, and trading on decentralized exchanges has been halted. Nexera is working with centralized exchanges to suspend trading, with platforms such as KuCoin and MEXC already pausing deposits and withdrawals. The sudden attack led to a dramatic 40% decline in the value of the NXRA token, which fell to $0.036, leaving investors anxious about the recovery of their assets.
Blockchain analyst ZachXBT has linked the hacker to multiple recent security breaches involving the compromise of private keys across various projects, including SpaceCatch and Concentric Finance. Currently, the attacker holds approximately 32.5 million NXRA tokens valued at $1.23 million and $555,000 in USDT stablecoins. Nexera clarified that out of the total NXRA tokens transferred, only $440,000 were compromised. Fortunately, additional assets in the hacker’s wallet have been frozen.
The exploit is part of a broader coordinated attack impacting multiple protocols, but Nexera’s prompt actions helped mitigate the overall damage. As investigations continue, the future of the NXRA token and the affected investors remains uncertain.