Over 999 Trillion Shiba Inu Tokens Minted in Recent Poly Network Hack

Poly Network has suffered another attack, resulting in the illegitimate minting of several tokens, including 999 trillion Shiba Inu.

Poly Network, a DeFi protocol that facilitates interoperability between different blockchains, has suffered another hack nearly two years after the $600 million attack. The latest hack led to the malicious minting of large amounts of several tokens, including Shiba Inu (SHIB).

In a recent tweet, Chinese blockchain journalist Colin Wu called attention to the exploit. 

Just In: PolyNetwork is suspected to be hacked again. Hackers issued additional huge assets on several chains:

99,999,184 BNB and 10 billion BUSD were issued on Metis, and 999.8127T SHIB was issued on Heco , 87,579,118 COW and 999,998,434 OOE, 636,643,868 STACK, 88,640,563 GM…

July 2, 2023

According to Wu, on-chain data confirms that the hackers were able to manipulate a Poly Network cross-bridge function to mint significant amounts of several tokens across different networks. 

The exploiters minted 999.8 trillion  Shiba Inu  tokens on the Huobi ECO (HECO) chain. Other tokens minted include 99.9 million BNB and 10 billion BUSD on Metis, an Ethereum-based layer-2 scaling protocol. 999.9 million OOE, 636.6 million STACK, 88.6 million GM, and 2.1 million O3 were minted on Polygon.

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