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Syscoin Confirms Fund Recovery Address Following $5B SYS Minting Attack

Security Incidents Project Progress

2026-06-10 05:41:42

According to Foresight News, Syscoin announced on June 10 an official fund recovery address to receive refunds for all affected assets following the June 8 attack in which approximately 5 billion SYS tokens were illegally minted. As a precautionary measure, cross-chain operations remain suspended, while Syscoin's core network continues operating normally and was not impacted. The team plans to coordinate white hat bounty discussions through private channels once funds are returned to the recovery address.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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