Polter Finance, operating on the Fantom blockchain, lost over $7 million due to a smart contract hack. The attacker used Tornado Cash to transfer funds to the Fantom network, where vulnerabilities were identified. In response, the platform suspended trading, notified blockchain bridges, and began tracking the stolen funds with the help of law enforcement. The incident raised new concerns about the security of cross-chain operations and platforms using anonymous tools.
11/18/2024 12:10:45 PM (GMT+1)
Polter Finance loses over $7 million due to smart contract hack on the Fantom blockchain. Vulnerabilities identified in cross-chain operations 🚨
617
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
Binance will remove nine stablecoins, including USDT and DAI, from March 31 in Europe to comply with the MiCA regulation, while support for storing and withdrawing tokens will remain
Russia excluded Bitcoin from national reserves, strengthening its positions in gold and the Chinese yuan as part of a financial strategy to ensure stability and liquidity
Binance launches a voting mechanism for the listing and delisting of tokens, providing users with more control and supporting new promising projects
Franklin Templeton launches an ETF tracking the price of the cryptocurrency XRP, reflecting the growing interest in digital assets and expanding opportunities for investors
The US has begun returning Chinese cryptocurrency mining machines after their confiscation due to security regulations and trade sanctions against China
El Salvador and Paraguay have signed a cooperation agreement on cryptocurrency regulation to combat illegal operations and improve control over money laundering
Fraudsters stole 1.2 million dollars from Kent residents using fake police reports to obtain cryptocurrency wallet data and access funds
