Polyhedra Network, the zero-knowledge protocol zkBridge developer, became the latest crypto company to reach unicorn status after it raised $20 million in a funding round that valued it at $1 billion, according to a Mar. 14 statement shared with CryptoSlate.
This development occurred less than a day after the project experienced a breach that allowed a malicious player to access its wallet on BNB Chain, resulting in the loss of approximately $760,000 worth of THENA tokens, according to blockchain security firm Peckshield.
Polychain leads funding round.
The funding round was spearheaded by Polychain Capital, with contributions from Animoca Brands, Emirates Consortium, Mapleblock Capital, and Hashkey Capital. Other notable backers include UoB Ventures, Symbolic Capital, Longhash Ventures, MH Ventures, Arkstream Capital, and Web3Port Foundation.
Polyhedra intends to utilize its recent funding injection to expand its workforce and solidify its position as a leading advocate for global inte
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