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.
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Summary # On August 10, 2021, Poly Network, a cross-chain decentralized finance (DeFi) platform, was hacked for over $610 million in digital assets. The attackers exploited a vulnerability in Poly Network’s code to transfer the funds to their own wallets.
Attackers # Attackers’ identities have not been publicly disclosed. The hacker used the following addresses to transfer the funds:
Ethereum: 0xC8a65Fadf0e0dDAf421F28FEAb69Bf6E2E589963 BSC: 0x0D6e286A7cfD25E0c01fEe9756765D8033B32C71 Polygon: 0x5dc3603C9D42Ff184153a8a9094a73d461663214 Losses # The total amount of losses resulting from the Poly Network hack was over $610 million.
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