Hacker Exploits Vulnerability To Steal 801,601 MATIC Tokens From Polygon

THELOGICALINDIAN - Polygon arrangement home to the accepted MATIC badge has appear that its belvedere was exploited by an antagonist to abduct funds It is now the latest in a continued band of platforms that accept appear that they accept collapsed victim to attacks area the hacker has been able to accomplish off with tokens The drudge on Polygon shows that alike some of the best defended and accepted networks can end up exploited by hackers

Yes, Polygon Was Hacked

In a blog post on its website, the Polygon aggregation had accepted the vulnerability and the consecutive advance that exploited this to abduct the tokens. It explained that it was absolutely acquainted of this vulnerability that was brought to its absorption by a white hat hacker as allotment of the bug compensation affairs that it had set up with accomplice Immunefi and they had swung into activity to fix this.

However, afore the recommended advancement which was provided to bulge operators could go into abounding effect, a hacker had managed to accomplishment the aforementioned vulnerability to abduct tokens. In a alternation of transactions, the hacker was able to abolish hundreds of bags of MATIC tokens, 801,601 to be precise, account over $2 actor activity by the amount of the badge at the time of writing.

The Polygon Foundation accepted that users of the arrangement were safe and it would buck the amount of the theft.

Fixing The Vulnerability

Concerns had arisen amid the Polygon association back on December 5th, there had been an ad-lib adamantine fork. The absolution of an unannounced but important update had association associates analytic what was the acumen for it. As it turns out, Polygon had absolutely collapsed victim to a drudge and would accumulate this advice abutting to its chest until about a ages after.

In the announcement, Polygon accepted that they had gotten the vulnerability beneath ascendancy through a concerted accomplishment amid the Polygon team, Immunefi, and two white hat hackers who afford ablaze on the affair at assorted points.

The advancement that was pushed out on December 5th went into aftereffect and Polygon explained that this had helped fix the issue. “The validator and abounding bulge communities were notified, and they rallied abaft the amount devs to advancement 80% of the arrangement aural 24 hours after stoppage,” the account read.

Both white hat hackers who helped ascertain the bug were compensated a accumulated absolute of $3.46 actor as allotment of the bug compensation program. As for Polygon, it came out with a blessed catastrophe in what Duncan Townsend, Immunefi’s CTO, said: “could’ve been a above disaster.”