PANews reported on April 29th that Syndicate stated on the X platform that the team is investigating unusual liquidity in the SYND token, which may indicate a security issue. The official recommendation is for users not to provide any liquidity until the issue is resolved. Furthermore, Syndicate confirmed that the Commons cross-chain bridge has been compromised, and the team is tracing the attack path and collaborating with security companies, while also exploring ways to compensate users. Syndicate stated that it has sufficient token reserves to help users who have lost SYND.

According to previous reports, CertiK monitoring indicated that Syndicate suffered a loss of approximately $330,000 due to an attack on the Commons cross-chain bridge.