PolyNetwork
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In a recent cryptocurrency hack, attackers exploited PolyNetwork's bridge tool to issue billions of malicious tokens.
$SHIB $BUSD $BNB #PolyNetwork
https://blockchainreporter.net/polynetwork-attacker-exploits-smart-contract-function-issues-worthless-billions-in-shib-bnb-busd/
$SHIB $BUSD $BNB #PolyNetwork
https://blockchainreporter.net/polynetwork-attacker-exploits-smart-contract-function-issues-worthless-billions-in-shib-bnb-busd/
Poly Network Suspends Services After Getting #Hacked.
On #Twitter, Poly Network, a cross-chain decentralised finance (#DeFi ) network, reported that it had suspended operations as a result of a "recent attack." The researchers disclosed that 57 coins on 10 blockchains were impacted by the vulnerability and advised users to "promptly withdraw liquidity from #decentralised exchanges."
Another comparable hack on #PolyNetwork occurred in 2021 when thieves stole almost $600 million in digital assets.
On #Twitter, Poly Network, a cross-chain decentralised finance (#DeFi ) network, reported that it had suspended operations as a result of a "recent attack." The researchers disclosed that 57 coins on 10 blockchains were impacted by the vulnerability and advised users to "promptly withdraw liquidity from #decentralised exchanges."
Another comparable hack on #PolyNetwork occurred in 2021 when thieves stole almost $600 million in digital assets.
#HackAlerts
Attackers issued Billions worth of several Tokens on Sunday morning after exploiting a smart contract function in Cross Chain protocol #PolyNetwork Bridge tool.
Bridges allows users to swap Tokens between different Blockchains using a smart contracts by locking value on one network, and releasing it on another.
PolyNetwork attackers were likely able to manipulate the way the bridge works and trick it into issuing Tokens on one network which, in reality did not exist.
Always #DYOR & Trade with #StopLoss
#BinanceTournament
Attackers issued Billions worth of several Tokens on Sunday morning after exploiting a smart contract function in Cross Chain protocol #PolyNetwork Bridge tool.
Bridges allows users to swap Tokens between different Blockchains using a smart contracts by locking value on one network, and releasing it on another.
PolyNetwork attackers were likely able to manipulate the way the bridge works and trick it into issuing Tokens on one network which, in reality did not exist.
Always #DYOR & Trade with #StopLoss
#BinanceTournament
Pexshield, a blockchain security company, has observed that funds stolen from the Poly Network hack have been transferred, suggesting that the hackers are still attempting to launder the stolen assets. The Poly Network suffered a major hack on July 2, during which hackers exploited vulnerabilities in the network to steal a significant amount of cryptocurrency assets. Since then, efforts have been ongoing to track and recover the stolen funds.
The hackers responsible for the Poly Network attack have been known to move the stolen assets across various blockchains and utilize privacy-focused tools like Tornado Cash to obscure the origin of the funds. This ongoing activity underscores the challenges of tracking and preventing the illicit movement of cryptocurrency assets in the decentralized and often anonymous crypto ecosystem. 💰🕵️♂️ #PolyNetwork #CryptoSecurity #BlockchainHacking
The hackers responsible for the Poly Network attack have been known to move the stolen assets across various blockchains and utilize privacy-focused tools like Tornado Cash to obscure the origin of the funds. This ongoing activity underscores the challenges of tracking and preventing the illicit movement of cryptocurrency assets in the decentralized and often anonymous crypto ecosystem. 💰🕵️♂️ #PolyNetwork #CryptoSecurity #BlockchainHacking
🚨 Time to withdraw your assets from #PolyNetwork 🚨
The network has experienced another breach, this time due to compromised private keys. Attackers successfully manipulated a smart contract function on the cross-chain bridge protocol, impacting 57 crypto assets across 10 blockchains, including #Ethereum , #BNBChain⚡️ , #Polygon , #Avalanche , Heco, OKX, and Metis.
The exact amount stolen in the attack was not specified, but PeckShield previously reported that the exploiter had transferred out a minimum of $5 million worth of crypto.
The network has experienced another breach, this time due to compromised private keys. Attackers successfully manipulated a smart contract function on the cross-chain bridge protocol, impacting 57 crypto assets across 10 blockchains, including #Ethereum , #BNBChain⚡️ , #Polygon , #Avalanche , Heco, OKX, and Metis.
The exact amount stolen in the attack was not specified, but PeckShield previously reported that the exploiter had transferred out a minimum of $5 million worth of crypto.
MetisDAO addresses post-poly exploit purchases, only recognizing pre-exploit transactions; urges caution and contract replacement.
#METIS #PolyNetwork
https://blockchainreporter.net/metisdao-informs-that-purchases-made-after-the-poly-exploit-have-not-been-recognized/
#METIS #PolyNetwork
https://blockchainreporter.net/metisdao-informs-that-purchases-made-after-the-poly-exploit-have-not-been-recognized/
Further details are coming to light following a July 2 attack on Cross-Chain Bridge platform Poly Network, which has resulted in a hacker being able to issue Billions of Tokens out of thin air for profit.
In a July 2 Twitter post, Poly Network Confirmed it became the latest DeFi exploit victim after attackers managed to manipulate a smart contract function on the cross - chain Bridge protocol adding it will be temporarily suspending services.
In the most recent updates, the team revealed the exploit affected 57 crypto assets on blockchain - including Ethereum, $BNB Chain, Polygon ($MATIC ) Avalanche, Heco, OKx, Metis and others.
#HackAlerts #DYOR #PolyNetwork #NFA
#BinanceTournament
In a July 2 Twitter post, Poly Network Confirmed it became the latest DeFi exploit victim after attackers managed to manipulate a smart contract function on the cross - chain Bridge protocol adding it will be temporarily suspending services.
In the most recent updates, the team revealed the exploit affected 57 crypto assets on blockchain - including Ethereum, $BNB Chain, Polygon ($MATIC ) Avalanche, Heco, OKx, Metis and others.
#HackAlerts #DYOR #PolyNetwork #NFA
#BinanceTournament
LIVEAskToRahulSingh
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#HackAlerts
Attackers issued Billions worth of several Tokens on Sunday morning after exploiting a smart contract function in Cross Chain protocol #PolyNetwork Bridge tool.
Bridges allows users to swap Tokens between different Blockchains using a smart contracts by locking value on one network, and releasing it on another.
PolyNetwork attackers were likely able to manipulate the way the bridge works and trick it into issuing Tokens on one network which, in reality did not exist.
Always #DYOR & Trade with #StopLoss
#BinanceTournament
Attackers issued Billions worth of several Tokens on Sunday morning after exploiting a smart contract function in Cross Chain protocol #PolyNetwork Bridge tool.
Bridges allows users to swap Tokens between different Blockchains using a smart contracts by locking value on one network, and releasing it on another.
PolyNetwork attackers were likely able to manipulate the way the bridge works and trick it into issuing Tokens on one network which, in reality did not exist.
Always #DYOR & Trade with #StopLoss
#BinanceTournament
a couple of hours ago #PolyNetwork was attacked again.
Hackers minted the below assets.
1) 94B $SHIB for 360 #ETH
2) 15M $RFuel for 27 #ETH
3) 495M $COOK for 16 #ETH
#Hackers are transferring #assets to new wallets.
Hackers minted the below assets.
1) 94B $SHIB for 360 #ETH
2) 15M $RFuel for 27 #ETH
3) 495M $COOK for 16 #ETH
#Hackers are transferring #assets to new wallets.
Hackers Exploit #PolyNetwork Stealing Tokens Worth 403 ETH
The #smartmoney on-chain analytical tool #Lookonchain has informed the #cryptocurrency community that there is a chance PolyNetwork will be attacked. Lookonchain claims that sales of 94 billion SHIB for 360 ETH, 495 million COOK for 16 $ETH , and 15 million RFuel for 27 ETH were among several unusual transactions.
The #smartmoney on-chain analytical tool #Lookonchain has informed the #cryptocurrency community that there is a chance PolyNetwork will be attacked. Lookonchain claims that sales of 94 billion SHIB for 360 ETH, 495 million COOK for 16 $ETH , and 15 million RFuel for 27 ETH were among several unusual transactions.
Urgent Security Alert: Hackers Sell 94B $SHIB, 495M $COOK, and 15M $RFuel! Protect Your Crypto Asset
🔒 Important Security Update 🔒
#PolyNetwork has experienced another attack, resulting in the minting and sale of significant amounts of assets. Here are the details:
🔥 The hackers sold:
94B $SHIB for 360 $ETH
495M $COOK for 16 $ETH
15M $RFuel for 27 ETH
📈 Additionally, the hackers are transferring assets and 1 ETH to new wallets, most likely for sale. Exercise caution!
💡 On a related note, #MetisDAO has reported a lack of sell liquidity for newly minted $BNB and $BUSD on #Metis Stay vigilant!
🚨 #Hackers Address: https://debank.com/profile/0xe0afadad1d93704761c8550f21a53de3468ba599
✅ Your security is our top priority. Please take the necessary precautions to protect your assets and avoid falling victim to any potential scams or fraudulent activities.
Transactons Proof:-
Hello, it's CryptoPatel here!
Passionate about providing you with the latest insights and analysis on cryptocurrencies. Join me for high-quality updates on the ever-evolving crypto world.
If you enjoy my content, please show your support by liking, sharing, and following. Let's stay connected for exciting updates!
#Binance $LTC
#PolyNetwork has experienced another attack, resulting in the minting and sale of significant amounts of assets. Here are the details:
🔥 The hackers sold:
94B $SHIB for 360 $ETH
495M $COOK for 16 $ETH
15M $RFuel for 27 ETH
📈 Additionally, the hackers are transferring assets and 1 ETH to new wallets, most likely for sale. Exercise caution!
💡 On a related note, #MetisDAO has reported a lack of sell liquidity for newly minted $BNB and $BUSD on #Metis Stay vigilant!
🚨 #Hackers Address: https://debank.com/profile/0xe0afadad1d93704761c8550f21a53de3468ba599
✅ Your security is our top priority. Please take the necessary precautions to protect your assets and avoid falling victim to any potential scams or fraudulent activities.
Transactons Proof:-
Hello, it's CryptoPatel here!
Passionate about providing you with the latest insights and analysis on cryptocurrencies. Join me for high-quality updates on the ever-evolving crypto world.
If you enjoy my content, please show your support by liking, sharing, and following. Let's stay connected for exciting updates!
#Binance $LTC
