Polyhedra Network Faces $760,000 Loss in THENA Tokens Following Key Exposure on BNB Chain
In Brief
Polyhedra Network has come under fire after an attacker managed to breach wallet access on the BNB chain, leading to a loss valued at $760,000 in THENA tokens.
This full-stack Web3 interoperability infrastructure recently encountered a wallet access vulnerability on the BNB chain, resulting in the theft of approximately $760,000 worth of THENA (THE) tokens. Security firm PeckShield reported that hackers took off with 1.4 million THE tokens and then quickly swapped them for about 1,299 BNB. Polyhedra Network In response to the attack, Polyhedra Network is taking proactive measures to isolate the issue and is in the process of activating cross-chain functionality from opBNB to BNB.
Polyhedra Network's Wallet Access Issue on BNB Chain Leads to $760,000 Loss in THENA Tokens, While zkBridge Integrity Remains Strong
Current data from CoinMarketCap shows that THE is trading at $0.5676, which marks a 7.55% increase within the last 24 hours (as of the time of writing).
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Polyhedra Network Boosts Interoperability with zkBridge Airdrops Calendar .
By leveraging zero-knowledge proof protocols, Polyhedra Network is at the forefront of enhancing Web3 interoperability. They've created and implemented the zkBridge protocol, which aims to establish a robust cross-chain infrastructure connecting both Layer 1 and Layer 2 networks.
Beyond zkBridge, Polyhedra Network has also developed various other infrastructure solutions, including a zero-knowledge decentralized identity framework (zkDID) and a scalability improvement strategy utilizing a large-scale distributed proof generation network called ParaPlonk, with the intention of expediting zero-knowledge rollups.
Recently, Polyhedra Network announced a snapshot completion related to an upcoming airdrop. In addition, the platform
will feature its token, ZK, on OKX Jumpstart, a fundraising and token launch platform, allowing users to stake Bitcoin (BTC) and Ethereum (ETH) to earn ZK tokens. intends Despite the recent setback, Polyhedra Network is resolute in its commitment to enhancing its security protocols and advancing the vision of Web3 interoperability.
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Disclaimer
In line with the Trust Project guidelines Alisa, a devoted journalist at the Cryptocurrencylistings, has a strong focus on cryptocurrency, zero-knowledge proofs, investments, and the vast domain of Web3. With a sharp insight into emerging trends and technologies, she provides in-depth coverage to enlighten and engage readers within the rapidly shifting landscape of digital finance.
