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Poly Network

Jul 2, 2023

$5.0M
Lost
$5.0M
Recovered
$0
Net loss
$5.0M
Unrecovered0% recovered

On July 2, 2023, Poly Network was exploited across 11 blockchains via insufficient validation of block headers and validator signatures in bridging logic. Attackers minted ~$43B in tokens; limited liquidity and swift exchange intervention (Tether freeze of $33M USDT) contained cashed-out losses to $5-10M.

Target
Bridge
Classification
Bridge & Cross-Chain
Technique
Forged Proof
Attribution
Unknown
Chains
EthereumBSCPolygon

Event timeline

  1. Jul 2, 2023
    Exploit executed — $5.0M drained via forged proof
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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