PolyNetwork Allegedly Hacked Again
A recent hack has targeted PolyNetwork, resulting in the hackers making several transactions with significant assets on multiple chains. The stolen assets have been added to various chains, including Heco, Metis, Polygon, Avalanche, and BSC. However, according to Metis, the newly minted assets on their platform have no available sell liquidity, ensuring their funds remain secure. The hack is not the first time PolyNetwork has been attacked, as they experienced a major hack in August 2021 where they lost over $600 million. Despite the ongoing situation, PolyNetwork has yet to issue an official statement regarding the hack.
Key Points:
- PolyNetwork assets have been hacked, with significant assets added to multiple chains.
- Metis has confirmed that the newly minted assets on their platform have no available sell liquidity, ensuring their funds are secure.
- This is the second hack PolyNetwork has experienced, with a previous hack resulting in a loss of over $600 million in August 2021.
- There is currently no official statement from PolyNetwork regarding the recent hack.
- The second quarter of 2023 saw a significant increase in DeFi hacks, with over $208 million stolen.
Hot Take:
It is concerning to see another hack targeting PolyNetwork, especially considering the significant amount of assets involved. While steps are being taken to minimize the impact and ensure the security of funds on platforms like Metis, it is crucial for PolyNetwork to address the situation promptly and provide guidance to affected users. The rise in DeFi hacks is alarming and underscores the need for enhanced security measures within the industry.
By
By
By
By