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Cysic suspends bridge after minted tokens moved to Ethereum

The Block reports that an attacker minted 10 million CYS tokens and moved about $727,000 in proceeds to Ethereum through Mayan, deBridge and SWFT's Bridgers. Cysic suspended its bridge following the incident, according to the report. The report does not state who is responsible or whether the minted tokens were burned.

Evidence strength Single source

Only one publisher so far. Another independent outlet or an official source would raise it.

ImportanceHigh

Security topic · core coin ETH

UrgencyRoutine

No time pressure

Three separate rule-based signals. None is the probability that the report is true. How they work →

Key facts

Attributed sources: The Block

ETH after this site detected it

  • 5 minutes-0.01%vs BTC +0.01 pp
  • 1 hour+0.40%vs BTC +0.16 pp
  • 24 hours—No valid sample
Source published First received Updated UTC

Claims and open questions

What sources claim

  • An attacker minted 10 million CYS and bridged about $727,000 in proceeds to Ethereum via Mayan, deBridge and SWFT's Bridgers, per The Block.
  • Cysic suspended its bridge after the incident, according to The Block.

Still unresolved

  • What Cysic's official statement says about the 10 million CYS mint and whether those tokens were burned or frozen is not established; an official notice from Cysic would confirm it.
  • Whether the bridge suspension was a contract-level pause or a front-end halt, and its scope, is unconfirmed; Cysic documentation or a contract announcement would clarify it.
  • Whether the roughly $727,000 in proceeds is a complete figure or an in-progress estimate is not verified; on-chain tracking or a Cysic post-mortem would confirm it.

Model-assisted explanation; citations, numbers and output format are checked. This is not independent semantic verification.

Source evidence

1
The BlockNews publisher
Cysic suspends bridge after attacker mints tokens and moves $727,000 to Ethereum ↗

www.theblock.co

Published 18/10/2026, 16:07 · Received 20/10/2026, 09:11

Original source titles remain in their source language. Full articles are not republished.

Market reaction after detection

Returns start at the sample closest to site detection (within the same minute up to 10 minutes later), using the same data source and quote currency. Actual sample times are shown; missing observations remain blank.

Observed returns after site detection
WindowReturnBTCDifference from BTC (pp)Actual sampled interval / source
5 minutes-0.01%-0.02%+0.01 pp20/10/2026, 09:11 → 20/10/2026, 09:16 (UTC)
OKX · USDT
1 hour+0.40%+0.24%+0.16 pp20/10/2026, 09:11 → 20/10/2026, 10:13 (UTC)
OKX · USDT
24 hours———No valid same-source sample for this window

Historical market context

Research: hourly returns and BTC beta →

Closed hourly candles from the 30 days before this event observation. Different venues are kept separate.

Prior 30-day hourly baseline
MetricValue
Hourly coverage100.0% (720/720)
Median absolute 1h return0.19%
99th percentile of absolute 1h returns1.46%
Historical hourly BTC beta1.12 (719 matched returns)

OKX · USDT · Context as of 20/10/2026, 09:11 · Last included candle closed 20/10/2026, 09:00

Hourly descriptive statistics, not minute-move probabilities. Backfilled history never moves the observation cutoff above.

Event timeline

Source publication, receipt and analysis times are separate. All times UTC.

  1. Source published: The Block

  2. Source received: The Block

  3. Event first detected by this site

  4. Evidence record updated

  5. English explanation generated

  6. Evidence record updated

  7. Latest content update

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