Poly Network, a decentralized finance (DeFi) platform that connects different blockchains, announced on Twitter that it is suspending its operations in response to a recent attack. The team revealed that this breach affected 57 cryptocurrencies across 10 blockchains and advised users to swiftly withdraw their funds from decentralized exchanges.
Poly Network experienced a similar breach earlier in 2021, which resulted in the unauthorized transfer of digital assets worth approximately $600 million.
Poly Network Attack Details And Impact
Poly Network has sought help from cybersecurity professionals and individuals with relevant knowledge and encouraged users who possess any pertinent information to share it with the team.
Related Reading: Why Poly Network Asked Hacker To Become Its Chief Security Advisor
While the exact magnitude of the exploit was not explicitly disclosed, speculations arose regarding its potentially significant scale. Blockchain security firm Dedaub asserted that the ha
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