Poly Network Exploited Impacts 57 Assets on 10 Blockchains

Poly Network, a cross-chain interoperability protocol, tweeted that its services will remain suspended as it continues to address the attack and requested help from cybersecurity professionals. The attack affected 57 assets on 10 blockchains, including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Optimism, Arbitrum, Gonosis, Heco, OKX, and others.

Poly Network said it has communicated with and sought assistance from CEX and law enforcement agencies in hopes of working with the attackers to return user assets and avoid potential legal consequences.

To minimize further risk, Poly Network has reached out to the majority of project teams and urged them to promptly withdraw liquidity from DEX and strongly advises users who hold the affected assets to expedite the process of withdrawing liquidity and unlocking their LP tokens.

According to Beosin Alert monitoring, Poly Network was exploited on July 2nd. The hacker minted over $34 billion worth of assets on multiple chains. Some of the stolen funds ($800k) are bridged to Ethereum address beginning with 0xe0A.