Cysic bridge exploited; 10M CYS minted without authorization

The headline number — 1% of supply — understates the operational problem: the attacker converted most of the minted tokens into ETH within minutes, meaning the loss is now denominated in a different asset and largely outside Cysic's control. The claim that mainnet and user wallets were untouched is doing heavy lifting, since a bridge exploit that mints unbacked supply is a credibility event for the token's issuance controls regardless of where the proceeds landed. Worth watching is whether the foundation discloses how the unauthorized mint was possible and whether the suspended bridge reopens with verifiable changes.