Polygon Declining dApp Activity To Be Rescued By New Update
MATIC from Polygon is now ranked 11th in terms of market cap. The altcoin has gotten a lot of attention because it is working with more and more companies. Even though Polygon is making more partnerships, interest in its dApps has not changed. But the new partnership between Polygon and Axelar Network could change things […]
Defi Hack Alert: NowSwap suffers a $1 million loss due to a cyber attack
According to PeckShield, the DEX protocol, NowSwap experienced a cyber attack which made the firm lose more than $1 million in money. The hackers made off with 535,000 USDT and 158 WETH. USDTs are converted to ETH using 1inch, a distributed network service, and then transferred to Tornado Cash, an anonymous trading platform run by […]
Yearn DAI hacks: Tether releases freshly unfrozen funds related with Poly Network
Following the announcement that $33.4 million in frozen assets had been released, Tether has been in the news today. Tether, world’s largest was linked to the hacking of the Poly Network that occurred earlier this month, according to the report. The funds were transferred from the Tether Treasury to the Poly Network Multisig address, with […]
Stolen Assets Have Been Fully Recovered, Says Poly Network
The Poly Network team has stated that it has completed the recovery procedure for the $610 million in crypto assets that were stolen by hackers on August 10. Earlier this month, the Poly Network , a decentralized finance (DeFi) cross-chain protocol, was hacked, resulting in the loss of a record-breaking $610 million. Poly Network has […]
Poly Network hacker returns $258M, holds an AMA to explain what happened
So far, $258 million worth of stolen crypto assets have been restored, and the hacker claims to be keeping the remaining cash secure while they negotiate with Poly. Using the Poly Network , the hacker has restored $258 million to the cross-chain DeFi protocol and conducted a question and answer session in which he explained […]