Plasma Bridge

Polygon hacked for over 800,000 MATIC

December 5, 2021
Attack Types: 
Smart Contract Exploit ,Signature Verification Issue
Entity Types: 
Blockchain ,Bridge
Target Entities: 
Polygon ,Plasma Bridge

Summary # In early December 2021, Polygon, an Ethereum-based network has “silently fixed” a vulnerability that had put its native MATIC tokens worth $24 billion at risk. The issue came to light after a group of ethical hackers informed Immunefi, a bug bounty platform associated with decentralised finance (DeFi). Immunefi hosts the bug bounty for the Polygon network. Both white hat hackers who helped discover the bug were compensated a combined total of $3. ...