Poly Network Suspends Services After Getting Hacked

The Poly Network (PolyNetwork2) remains temporarily suspended! The cross-chain bridge platform was attacked yesterday, which has affected 57 assets on 10 blockchains. Read more here -

The cross-chain decentralized finance platform – Poly Network – announced on Twitter that it had halted operations due to a “recent attack.” The team revealed that the exploit affected 57 cryptocurrencies on 10 blockchains, advising users to “promptly withdraw liquidity from decentralized exchanges.”

The 57 affected cryptocurrencies include Shiba Inu , Dai , and many more. Despite not disclosing the exact scope of the exploit, some presumed the sum could be substantial. Blockchain security firm DedaubAt one point, there were reports that the hack was worth $34 billion. Poly Network said it will try to join forces with centralized exchanges and law enforcement agencies on the case. It raised hopes that the attacker will return the stolen assets to avoid potential legal troubles.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Crypto_Potato /  🏆 568. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Binance CEO Shares Update After Massive Poly Network Hack.cz_binance Binance CEO issues clarification following massive Poly Network hack PolyNetwork
Read more »

Shiba Inu (SHIB) Burn Rate Doubles on Weekend: Massive Surge Incoming?Could the $SHIB burn rate increase be tied to the most recent PolyNetwork hack?
Read more »

Poly Network Attacker Issues 'Worthless' Billions in SHIB, BNB, BUSD in Latest Crypto HackAttackers minted 24 billion binance usd (BUSD) and bnb (BNB) on the Metis blockchain, 999 trillion shiba inu (SHIB) on the Heco blockchain, but were left with minimal liquidity to fully monetize their illicit holdings. By shauryamalwa
Read more »

Poly Network urges users to withdraw after exploit affects 57 crypto assetsCross-chain bridge platform PolyNetwork2 has urged affected users to withdraw after an exploit over the weekend that affected 57 crypto assets across 10 blockchains on its platform.
Read more »

Study Explains Why Everyone Is Adopting Tesla's Supercharging Network | CarscoopsA new customer satisfaction study by J.D. Power sheds light into why more and more companies are adopting Tesla's charging standard car auto cars
Read more »