Kuvi.ai Exposes Backdoor Minting Exploit in Altura Ecosystem
Kuvi.ai, a platform focused on Agentic Finance, has published the findings of a thorough investigation into a backdoor minting exploit that affected the Altura ecosystem before its leadership transition. Kuvi recently acquired Altura, a Web3 infrastructure platform aimed at simplifying blockchain game development, with plans to integrate its agentic frameworks into Altura’s evolution.
Following the acquisition, Kuvi’s team—including analysts, legal advisors, and community members—conducted a detailed review over several weeks. Their goal was to identify how the exploit occurred, determine responsibility, and outline measures to restore trust. The investigation combined on-chain forensics, code examination, and interviews with individuals connected to the incident.
The investigation confirmed that a developer, employed by Altura at the time, had embedded a backdoor into Altura’s Ethereum bridging contract. The developer admitted to inserting the vulnerability, claiming it was inadvertent. This flaw allowed unauthorized minting of roughly 147 million ALU tokens, valued at around $1.45 million, raising serious security concerns and unsettling the community.
“This was more than a technical exploit; it was a breach of trust,” said Jay Nasr, CTO of Kuvi.ai and lead investigator. “Transparency is essential for the Altura community and accountability is crucial for the industry.”
In a rare move, Kuvi has filed a criminal report with Canadian authorities to explore all options for recovery and restitution. Meanwhile, Kuvi has already begun restructuring Altura by streamlining operations, cutting unnecessary vendor expenses, renewing key partnerships such as with Immutable, and shifting Altura’s brand toward a new, agentic focus.
Dylan Dewdney, CEO of Kuvi.ai, stated: “Altura is moving forward with clarity and purpose. Taking control of this project professionally means facing challenges openly and committing to creating long-term value.”
The full investigation report has been shared with the Altura community and serves as the basis for a live update and AMA hosted by Kuvi and Altura leadership.
About Kuvi.ai
Kuvi.ai is an AI-driven crypto interface that simplifies digital asset transactions by allowing users to buy, sell, or swap tokens across blockchains using natural language commands. This text-to-trade functionality eliminates the need for multiple dApps, bridging solutions, or complex trading platforms.
The company was founded by Dylan Dewdney, a crypto veteran active since 2011, along with Jay Nasr and Maxim Sindall, combining technical expertise with strong go-to-market experience. Kuvi.ai’s advisory and investor team includes notable figures such as Michael Terpin, founder of Transform Ventures; Dennis Liu (VirtualBacon), a leading crypto educator; and Peter Vincer, an advisor with institutional and U.S. policy connections.
For more information, visit kuvi.ai.
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