Only the METIS transactions made on BNBChain addresses prior to the Poly Community’s exploit, and the perpetrator’s first sale of exploited METIS, shall be recognized, the official Metis account tweeted this morning.
The PolyNetwork security breach and the initial sale of exploited METIS by the exploiters, according to the Metis group, resulted in the capture of a snapshot of BNBChain addresses that contained METIS tokens. MetisDAO announced:
A new contract will soon be deployed, hence the DAO also strongly advised against participating in the METIS contract on BNBChain. Additionally, they advised all liquidity providers to remove their money from Pancake Swap.
Poly Community tweeted on July 2 that it had been a victim of a decentralized finance exploit. According to the tweet, the attackers successfully interfered with a smart contract that uses the cross-chain bridge protocol. As a result, Poly Community temporarily suspended its suppliers.
The Poly Community team revealed in the most recent update that the vulnerability had an effect on 57 distinct cryptocurrencies across 10 blockchains, including Ethereum, BNB Chain, Polygon, Avalanche, Heco, OKX, and Metis.
Poly Community did not disclose the actual amount that was taken during the incident, although PeckShield had previously stated that the assailant had sent out at least $5 million worth of cryptocurrency. In addition, a study from CertiK on July 3 estimated that the attack caused the accumulation of nearly $10 million in cryptocurrency over 5 externally controlled addresses.
