Burning the stolen NXRA tokens is a significant step to ensure the long-term stability and integrity of the Nexera protocol.
Nexera, a decentralized finance (DeFi) protocol, has burned 32.5 million NXRA tokens that were involved in a recent hack as part of efforts to address the incident and enhance security.
According to an X post by blockchain security firm PeckShieldAlert, these 32.5 million NXRA tokens have been permanently removed from circulation.
In a second response to the breach, Nexera’s official X account announced several steps taken to address the hack. They concluded their technical investigation and determined that their smart contracts were not compromised.
