PolyNetwork Suspected Hacking, Hackers Released Huge Assets

a year ago

According to on-chain data analytics and security company PeckShield Inc., PolyNetwork is suspected to have been hacked.

Hi @PolyNetwork2 , you may want to take a look:https://t.co/cmbxAsFPGLhttps://t.co/4cqVV6EryK

— PeckShield Inc. (@peckshield) July 2, 2023

Hackers have released massive additional assets on several chains:

99,99,184 BNB and 10 billion BUSD have been issued on Metis

999,8127T SHIB has been released on Heco,

87,579,118 COW and 999,999,434 OOE, 636,643,868 STACK, 88,640,563 GM and 2,175.0 53 03 released on Polygon

378,028,371 STACK, 82,854,568 XTM, 11,026,341 SPAY and 89,383,712 GM released on Avalanche

8,882,911 METIS, 926,160,132 DOV, 978,102,855 SLD, and other assets were issued on BSC.

Wublockchain has also updated the Asset List released by PolyNetwork Hackers.

List of Assets Issued by PolyNetwork Hackers

— Wu Blockchain (@WuBlockchain) July 2, 2023

As of now, there has yet to be a response from the project side.

Poly Network is a project that provides a cross-chain solution allowing blockchains to interact and build infrastructure for Web3. One of Poly Network’s primary use cases is as a cross-chain bridge, allowing users to move assets from one blockchain to another through a lock & mint burn mechanism. & mint and atomic swap.

This is one of the oldest projects in the crypto market, going into operation in August 2020 before DeFi summer explodes in mid-2021.

However, Poly Network was attacked on August 10, 2021, causing more than 600 million USD in damage. The hack happened on multiple blockchains, including Ethereum, Binance Smart Chain, and Polygon. This is the biggest hack ever in the DeFi market. This amount was later returned from the hacker.

Until now, after being refunded, Poly Network has returned to normal operations and continuously integrated many new blockchains and layer 2 in the market, such as zkSync Era, Aptos, Arbitrum, and Optimism…Up to now, the network has integrated with more than 30 chains.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

12 comments