Hacker Steals Over $10M In Ethereum, Poly Network Tells Users 'Withdraw Liquidity'
Portfolio Pulse from Murtuza Merchant
Cross-chain bridge Poly Network has suffered a significant security breach, with an attacker stealing about $10.1 million worth of Ethereum (ETH). The attack affected 57 assets on 10 blockchains, with the majority of the assets currently held by the attacker's addresses. The attacker also minted over $34 billion worth of assets across multiple chains. In response, Poly Network has temporarily suspended its services and is urging project teams to withdraw liquidity from decentralized exchanges.
July 03, 2023 | 1:05 pm
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An attacker stole about $10.1 million worth of Ethereum (ETH) from Poly Network. This security breach could potentially impact the price of Ethereum in the short term.
The theft of a significant amount of Ethereum from Poly Network could lead to a decrease in the price of Ethereum in the short term due to potential sell-offs by the attacker or increased market uncertainty. However, the overall impact will depend on how the situation is handled and the market's reaction to the news.
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