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The Polyhedra Network announced the theft of funds
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The Polyhedra Network announced the theft of funds

Mar 13, 2024

In the Polyhedra Network, funds were stolen. Unknown individuals gained access to the project's cryptocurrency wallet, withdrawing and exchanging $1.4 million in cryptocurrency for BNB tokens. It is important to note that the incident was not related to a smart contract vulnerability. Specialists from BlockSec, a company specializing in blockchain security, identified a leakage of the Polyhedra Network's private key, resulting in a loss of $700,000. Experts from Cyvers also confirmed the hacking, stating that the perpetrator was able to withdraw $1.4 million in Thena (THE) tokens from a decentralized exchange. Tornado Cash, a cryptocurrency mixer, was used to exchange assets for BNB.

Representatives of the Polyhedra Network commented on the situation, calling it an intentional theft unrelated to smart contract flaws. They assured that user assets are safe and that all necessary measures will be taken against the perpetrators. It was also emphasized that the incident did not affect the security of the Polyhedra zkBridge, which had been audited and approved by several reputable auditing firms.

This case recalls other recent attacks on cryptocurrency platforms, including a hack on the Seneca protocol, resulting in a loss of $6.6 million, and the hacking of the FixedFloat decentralized cryptocurrency exchange for $26 million.

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