Poly Network, an interoperability platform, was hacked over the weekend, with the attacker using a vulnerability in the cross-chain bridge protocol to create billions of tokens out of nothing. The hackers minted 24 billion BUSD and BNB on Metis, 999 trillion SHIB on the Heco blockchain, and millions on other chains. The attacker’s wallet held nearly $43 billion worth of cryptocurrency at one point. However, due to low liquidity, most of these tokens are not able to be sold to realize gains. So far, the estimated gains from the hack is between $400,000 to $4 million. The platform suspended its services and is assessing the scope of the attack and impacted assets.
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