MATIC tokens worth $2 million stolen by hacker polygon MATIC
On Dec. 3, the post states, the first white-hat hacker submitted a report of a possible exploit of Immunefi, which hosts Polygon's $2 million bounty program, which was confirmed. Another white hat highlighted another vulnerability on Dec. 4, to which a fix was introduced immediately.
In between, the vulnerability is used to steal MATIC tokens, the first in a series of transfers that removes 801,601 MATIC in total. Still, the fix, a hard fork on Dec. 5, was able to protect a significant trove of funds for Polygon as the vulnerability puts more than 9.27 billion MATIC at risk, which is worth $23.6 billion at press time. This also marks a major chunk of Polygon's total supply of 10 billion.
Polygon stated that it paid a total of about $3.46 million as a bounty to two white hats who helped discover the bug. Polygon's bug bounty program awarded Leon Spacewalker $2.2 million; a different white hat who reported the same bug won nearly $1.26 million.is seeing a slight rebound after declines from its $2.92 all-time highs. MATIC suffered rejection after marking record highs at $2.92 on Dec. 27. The downswing extended amid the latest market sell-off, with MATIC shedding nearly 17.
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