The cross-chain decentralized finance (DeFi) 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.”
Poly Network experienced another similar hack in 2021 when wrongdoers drained around $600 million worth of digital assets.
Trying to Solve the Problem
Poly Network said it had requested the assistance of “cybersecurity professionals and individuals with relevant knowledge” and urged users with any information to share it with the team.
The 57 affected cryptocurrencies include Shiba Inu (SHIB), Dai (DAI), and many more. Despite not disclosing the exact scope of the exploit, some presumed the sum could be substantial. Blockchain security firm Dedaub claimed hackers compromised the addresses’ private keys.
At one point, there were reports that the hack was worth
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