#Poly Network urges users to withdraw after exploit affects 57 crypto assets.

Following a July 2 attack on the cross-chain bridge platform Poly Network, which allowed a #hacker to create billions of tokens out of thin air for profit, more information is becoming available.

After hackers were able to modify a smart contract function on the cross-chain bridge protocol, Poly Network acknowledged it was the latest #DeFi exploit victim in a tweet on July 2 and announced it would temporarily cease services.

The researchers revealed the vulnerability targeted 57 cryptocurrency assets across 10 blockchains in the most recent version, including #Ethereum, BNB Chain, Polygon, #Avalanche, Heco, OKx, and other platforms like Metis.

Purchases After #Poly Exploit Not Recognized, Informs #MetisDAO

After Poly Network's attack, MetisDAO made it clear that token purchases made on #BNBChain addresses would not be accepted.

The DAO warned against utilising the METIS contract on BNBChain; a new contract deployment is anticipated in the interim.

57 cryptos have been hit by the Poly Network hack, with an estimated $10 million in losses across addresses.

#cryptoniteuae #CryptonResearchBot

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