Leaderboard
317All-time rank
P

PolyNetwork

Aug 12, 2024

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

On August 12, 2024, an undisclosed vulnerability in Poly Network's Cross-Chain Management Contract drained $4-5M in wrapped assets on Neo N3, de-pegging Flamingo's f- and p-assets. Poly Network suspended the bridge and Flamingo paused cross-chain features; Neo Global Development relaunched and took over in September.

This was the third Poly Network compromise.

Target
Bridge
Classification
Protocol Logic
Technique
Unknown
Attribution
Unknown
Chains
PolyNetwork

Event timeline

  1. Aug 12, 2024
    Exploit executed — $5.0M drained via unknown
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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