Attacker Siphons $10 Million in Crypto From Poly Network – Here's What Happened
A hacker exploited the Poly Network over the weekend and swapped out nearly $10 million in ETH, security firm Beosin revealed. Poly Network confirmed via Tweet on July 2nd that it became the latest victim of a DeFi explo...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Poly Network confirmed via Tweet on July 2nd that it became the latest victim of a DeFi exploit, enabling the hacker to mint $34 billion worth of crypto.
Poly Network, a cross-chain bridge that facilitates asset transfers across different blockchains, announced to temporarily suspend its services the following day after the hack occurred. ...
Read More: Attacker Siphons $10 Million in Crypto From Poly Network – Here's What Happened
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Harmony Protocol to Roll Back Network After Massive Exploit
Following a security breach on Aug. 12 where an attacker exploited verification vulnerabilities to illicitly mint 2.385 trillion t...
Wall Street finally turned staking into a dividend, now Ethereum and Solana want to shrink it
Grayscale's July 17 SEC filings said its Ethereum and Solana staking ETFs would convert staking rewards to cash and distribute the...
XRP Price Prediction: Wells Fargo Disclosed Millions in XRP Holding
XRP price trades near $1.00, remaining near the key level that separates confidence from doubt for its prediction. That flatline h...
Cboe pushes for 3x Bitcoin and Ethereum ETFs after 2x crypto funds suffer losses of up to 96%
Cboe BZX is asking the Securities and Exchange Commission (SEC) for an exception to its own generic listing rules so it can list f...
Over 1.3 million staked tokens remain stranded onchain after a major validator missed its deadline to exit Aztec
DV Labs’ planned Aug. 15 Aztec exit was still incomplete by 2 a.m. UTC on Aug. 16: seven DV Labs-listed attesters remained in the...
Trump-linked World Liberty Financial wins OCC bank approval as $112 million DeFi position sits near liquidation
The Office of the Comptroller of the Currency (OCC) gave World Liberty Financial, a DeFi venture associated with President Donald...