Poly Network Coin (Aug) Price, Prediction & How To Buy? >> Be cautious about specific contract addresses to avoid experiencing hacking and to trade safely in the crypto market.
The new Ethereum token and a De-Fi or decentralized finance platform generally functions on the Polygon blockchains, Ethereum, and BSC or Binance Smart Chain.
Recently an investigation for the Poly Network revealed a flaw among contract calls. Several traders in the Philippines, Canada, United States, United Kingdom, India, and the remaining world’s areas are keen to know the rumors.
They also want to know if it would be safe to trade Poly Network Coin or not. Hence, we have come up with the post below to help you learn all about Poly Network.
What is the Poly Network token?
Poly Network, the newly emerged cryptocurrency, was created with the objective of achieving interoperability among various chains. It does so to create the next-gen internet infrastructure.
Besides, authorized heterogeneous public and homogenous blockchains may join Poly Network and interact with other blockchains via a transparent and open admission mechanism.
Huobi ECO Chain, Switcheo, Binance Smart Chain, Ziliqa, Elrond, Ontology, Neo, Ethereum, and Bitcoin have all been incorporated or integrated into Poly Network.
Price details of Poly Network Coin:
Poly Network, the cross-chain De-Fi network site, was recently hacked with a loss of hundreds of millions.
This cross-chain decentralized-finance or De-Fi platform, Poly Network, was attacked by hackers on Tuesday, August 11, 2021, leaving the traders shocked who dealt or planned to deal with Poly Network.
The hackers drained about $ 600 million Poly Network in cryptocurrency.
Who founded Poly Network?
Poly Network was launched by project Neo, the founder of Chinese blockchain. The Poly Network team also welcomes more organizations and institutions to join their network in the building of the next-gen internet.
Is it safe to invest in Poly Network?
The recent hack of Poly Network Coin on August 11, 2021, targeted every chain in sequence. The Poly team identified three different addresses where the stolen assets of Poly Network were transferred.
As identified by the blockchain scanning platforms, these addresses contained over $ 600 million in several crypto tokens or coins, such as SHIB or Shiba inu, wrapped ether, wrapped bitcoin, and USDC.
However, the Poly team called on affected crypto exchanges and blockchain miners to blacklist the crypto tokens coming from the identified addresses.
Hence, we advise our readers and trader to wait and watch until the mess around the Poly Network clears and makes it a reliable platform to trade-in.
What are the contract addresses of the stolen funds?
Poly Network Coin listed three wallet addresses on Polygon blockchains, Binance Smart Chain, and Ethereum identified to receive the stolen funds.
The addresses which traders should blocklist to trade with, include the following:
- Polygon- 0x5dc3603C9D42Ff184153a8a9094a73d461663214
- BSC- 0x0D6e286A7cfD25E0c01fEe9756765D8033B32C71
- ETH- 0xC8a65Fadf0e0dDAf421F28FEAb69Bf6E2E589963
As mentioned by Etherscan, the Ethereum wallet is stated to contain about $ 273 million and nine other digital or cryptocurrencies, including Tether, Wrapped Bitcoin, Wrapped Ether, and USD Coin.
The BSC wallet has about $254 million, and the Polygon wallet had about $ 85 million cryptocurrencies.
What are the FAQs?
Q-When was Poly Network Coin hacked?
- Poly Network was hacked on Tuesday, August 11, 2021.
Q- What is the amount of Poly network hacked in cryptocurrency?
- The hacked amount of Poly Network is approximately $ 600 million in cryptocurrency. Also, you must check here to know the complete details about Poly Network token
The cross-chain De-Fi network, Poly Network, was recently slashed by online hackers. Poly Network team has found three contract addresses mentioned in the details above, which have stolen the cryptocurrency.
You must blacklist these addresses if you receive the token from them. The recent crypto Poly Network Coin initiated to make its successful way in the crypto market experienced an attack from hackers. Hence, be careful while trading and check the details about the Best App To Buy Cryptocurrency 2021.