"Interoperability protocol PolyNetwork has suffered an exploit today. The attacker has made off with at least $600.3 million in stolen funds."

"Interoperability protocol PolyNetwork has suffered an exploit today. The attacker has made off with at least $600.3 million in stolen funds."

Cross chain attacks are increasing day by day, this brings us to a question that is the blockchain trillema really solved? Or few new generation projects compromised on the security to ensure scalability and speed. This is really a concern and a lesson for all of us to learn.

>"Interoperability protocol PolyNetwork has suffered an exploit today. The attacker has made off with at least $600.3 million in stolen funds."

Hacks and fraud have cost cryptocurrency protocols and users over $460 million thus far this year, per a report from CipherTrace. Wait—make that $1 billion. PolyNetwork, which allows transactions across different blockchains, today announced a $600 million exploit—the largest in cryptocurrency history. Meanwhile, a bill that some advocates see as an attack on cryptocurrency is now with the House of Representatives after passing the Senate.