Polter Finance, a crypto lending and trading platform running on the Fantom blockchain, was attacked, resulting in a loss of over $7 million.
Incident on Polter Finance Platform
According to Cyvers Alerts, the Polter Finance platform on the Fantom blockchain was exploited, with attackers stealing over $7 million in digital assets. The attack was initially funded via Ethereum and Tornado Cash, with funds then transferred through Fantom.
Investigation and Remedial Measures
After discovering the vulnerability, Polter Finance paused its operations and notified investors. The platform initiated an investigation into the stolen funds, tracing them to wallets on the Binance cryptocurrency exchange. An active investigation is ongoing, with efforts to identify the attacker and assets in collaboration with exchanges and security companies.
Impact on POLTER Token Value
Following the news of the attack, the value of Polter Finance's native token, POLTER, dropped significantly, causing concern among investors and participants of the platform.
The vulnerability on Polter Finance highlighted serious concerns about security in the cryptocurrency sector. The ongoing investigation, along with efforts to restore justice to affected users and recover stolen funds, are of critical importance to the company.
