Voto Libre has just announced its independent audit platform for Peru’s presidential election, a citizen verification tool that lets official polling station tally sheets be uploaded, preserved, and checked publicly. Syscoin is proud to support this initiative with Bitcoin secured infrastructure.

Bridge Update: We have informed exchanges that it is now safe to reopen deposits and withdrawals(if closed). We expect normal exchange operations over the next day or two.

Bridge Update: The exploited SYS has now been returned to the recovery address. We wanted to let you know quickly so there is no further concern around the funds being moved. The team is verifying everything now and we’ll update you soon on next steps. Recovery txs: explorer-blockbook.syscoin.o… explorer-blockbook.syscoin.o…

We acknowledge the request to publicly confirm the official Syscoin recovery address for return of the full affected amount. Official recovery address: sys1qdytsq5am9a7y6hweenl925g3yxtlrvl9fls0yg Bridge operations remain paused as a precaution. Syscoin Core network operations remain live and unaffected. Upon return of funds to the recovery address, the Syscoin team is prepared to engage in a standard whitehat bounty discussion through a private coordination channel.

Preliminary Postmortem: Syscoin Bridge Incident We want to provide the community with a preliminary update regarding the recent Syscoin bridge incident involving approximately 5B SYS. The Syscoin bridge is currently paused while the team investigates, finalizes the fix, and works on rectifying the unauthorized SYS output created through the affected bridge path. Summary An attacker exploited a validation issue in the bridge flow that resulted in an unauthorized SYS output being created on the UTXO side. The affected funds were moved and split after reaching the UTXO chain. We are actively tracing those funds and coordinating with exchanges and ecosystem partners to prevent the tainted outputs from being deposited, traded, or further distributed. What happened Based on our current investigation, the incident involved the bridge relay path incorrectly accepting or interpreting a transaction proof. This caused the bridge system to treat the transaction as valid and create an unauthorized SYS output of approximately 5B SYS through the UTXO bridge path. The funds were first sent to: sys1qgaelv690g7wwp2xchfdh0enf5uewzq5sm9wvcw They were then spent and split into additional outputs. The current large tainted balances appear to be associated with: sys1q2k482wnachkgky4lw60973p4vcf7xlh9kzpv33 — approximately 4B SYS sys1qx6jjkq89sdaxftfgre3m0nv7vjfd4jeakg5t38 — approximately 1B SYS Relevant transactions Initial UTXO transaction: explorer-blockbook.syscoin.o… Subsequent spend: explorer-blockbook.syscoin.o… Split transaction: explorer-blockbook.syscoin.o… Actions taken - The bridge has been paused. - We have contacted exchanges and relevant partners and asked them to blacklist, freeze, or closely monitor any SYS deposits connected to the tainted UTXO trail and all descendant spends. - We are continuing to trace the affected funds and coordinate with infrastructure providers and ecosystem partners. Remediation The team has identified the affected validation path and has a fix in place. Our priority now is to complete implementation and review of the fix, while also determining the correct process to rectify the unauthorized SYS output and neutralize its impact on the network. We will provide further updates once the remediation path has been finalized. User Guidance Users should not interact with the bridge while it remains paused. We understand the seriousness of this incident and are treating it as the highest priority. We will continue to share updates as the investigation and remediation progress.

One of the most important conversations in Web3 isn't about price. It's about education. This Saturday, Syscoin's own @DevElCuy, will discuss how verifiable evidence, traceability, digital identity, and decentralized infrastructure can help shape the next generation of public systems and technological innovation across Latin America. The future needs builders, not spectators. Join us. 👇🧵 #Syscoin #Web3 #GovTech #Education #Blockchain

Web3 y el desarrollo tecnológico a los futuros profesionales. Los invitamos a participar en el siguiente evento virtual este sábado 6 de Junio: - 10:00 AM (PE/COL) - 3:00 PM (UTC) - 5:00 PM (ES) Durante la sesión exploraremos cómo la infraestructura de Syscoin y la tecnología descentralizada pueden generar nuevas oportunidades, impulsando la innovación y ayudando a fortalecer el entramado académico y colaborativo de nuestra región. Para poder registrarse y asegurar su participación, los interesados deben unirse primero a nuestro servidor oficial de Syscoin en Discord a través del siguiente enlace: discord.com/invite/syscoin #Web3 #Blockchain #Educacion

Big thanks to NodeHub for helping make Syscoin node infrastructure easier and cheaper to run. After 600 new nodes came online, tooling like this matters. Lower friction means more operators, more decentralization, and a stronger $SYS network. This is how the community keeps decentralizing harder. 👇