Poly Network Exploit 2.0 Shocks the Crypto World     The cross-chain protocol Poly network has been hacked once again, and fake mining has put the crypto world's security measures to the test. **HACKING MINING SCAM**      The attackers mined $42 billion worth of tokens by abusing a smart contract function of Polynetwork's bridge tool. This includes BUSD and BNB on the Metis blockchain; SHIB on the Heko blockchain; and many other tokens on Avalanche, Polygon, and BSC Networks. Although the attackers were able to trade shitcoin with Ethereum, but low liquidity and high security prevented major damage.

**HOW RELIABLE IS THE POLY NETWORK?**      Old players in the crypto world remember the "Poly Network exploit" on August 10, 2021, the then-biggest DeFi theft. That time, the hacker returned the stolen money on request and was declared a White-Hat in return. Poly Network also rewarded the hacker with a $500k bounty and a security-based job on the platform. A $100k bug bounty programme was also launched after that. This time the hack has happened in a different way, with the biggest fake mining in the crypto world.

**EFFECT AND SAFETY**      Shitcoins went to new lows as soon as the news of hacked mining broke; for example, Cook Finance (COOK) rolled down more than 51%. Proper blockchain-based cryptos survived; for example, SHIB mined on non-Ethereum blockchains was considered a wormhole. CZ also informed us that Binance has never accepted any such generated coins.   Brought to you by Yugocean, originally posted here. https://www.publish0x.com/crypto-champion/poly-network-exploit-20-shocks-the-crypto-world-xgjxlwq