According to Immunefi, year-to-date losses from crypto hacks, exploits, and scams have topped $1.4 billion as of November 2024.
Spectral Labs announced it detected a vulnerability that affected select tokens on its Syntax platform — a no-code environment that allows users to create onchain AI agents — allowing a hacker to make off with $200,000 in liquidity.
According to Spectral Labs, access to Syntax has been disabled until the issue has been resolved and contracts on the platform have also been paused to avoid further complications. In a statement to Cointelegraph, Spectral Labs confirmed the source of the vulnerability:
The Spectral team also said it is working with industry partners to resolve the situation and restore service as quickly as possible.
