Poly Network urges users to withdraw after exploit affects 57 crypto assets By Cointelegraph

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Further details are coming to light following a July 2 attack on cross-chain bridge platform Poly Network, which has resulted in a hacker being able to issue billions of tokens out of thin air for profit.

In a July 2 Twitter post, Poly Network confirmed it became the latest DeFi exploit victim after attackers managed to manipulate a smart contract function on the cross-chain bridge protocol, adding it will be temporarily suspending services.

Tokens transferred out of Poly Network. Source: Twitter/PeckShield

’34 billion’ Poly Network hack breakdown