PANews reported on February 2nd that the cross-chain liquidity protocol CrossCurve released a security update regarding the $EYWA token, stating that the exploit has been successfully contained. Hackers extracted $EYWA from a bridge on the Ethereum network, but it was unusable because only XT Exchange held Ethereum deposits, and those deposits were frozen. Users' $EYWA tokens, including all tokens on the Arbitrum network, are safe.

For added security, the team is contacting all centralized exchanges trading $EYWA to ensure the hackers cannot sell or use the stolen tokens. The stolen $EYWA tokens will not enter circulation and will not affect the token supply. The official team is conducting a full investigation into the details of this exploit, other stolen tokens, and how to prevent similar vulnerabilities from recurring.

Previously, it was reported that the cross-chain liquidity protocol CrossCurve was attacked due to a smart contract vulnerability, resulting in the theft of approximately $3 million.