Polygon, the Ethereum Layer-2 community, introduced that it has regained management of its Discord channel following a latest hack.
Earlier immediately, the community reported that the channel was compromised, exposing customers to phishing assaults that led to vital losses.
Hackers Leverage Polygon’s MATIC to POL Migration Hype
On August 24, Mudit Gupta, Polygon’s Chief Info Security Officer, reported that the community had regained management of the channel a couple of hours after its compromise. In keeping with him, the safety crew was working to reverse any modifications made by the hacker. Nonetheless, he didn’t disclose particular particulars in regards to the hack or the restoration course of.
Obtainable data reveals that attackers exploited the elevated curiosity in Polygon’s upcoming migration from MATIC to the new Polygon Ecosystem Token (POL). They used the compromised Discord channel to advertise phishing links disguised as faux POL airdrop bulletins, concentrating on customers desirous to take part within the migration.
Learn extra: 15 Best Polygon (MATIC) Wallets in 2024
POL is an upgrade on MATIC designed to be a hyperproductive token that gives beneficial companies throughout all chains inside the Polygon community, together with AggLayer. Polygon introduced that the deliberate migration would start on September 4.
In the meantime, the Discord hack raised considerations about Polygon’s safety measures. Gupta famous that the community had secured all privileged accounts with two-factor authentication (2FA). This means that the breach occurred regardless of these protections.
Some safety consultants speculated that the attacker might need socially engineered a crew member into offering their Discord token, bypassing all protections. Nonetheless, Gupta dismissed this idea, suggesting as an alternative that the breach seemingly occurred by a compromised bot or integration inside the channel.
“At this second, we don’t imagine any of our mods have been compromised this fashion. It appears extra seemingly {that a} bot/integration we had was compromised. Nonetheless going by the logs,” Gupta stated.
Learn extra: Polygon (MATIC) Price Prediction 2024/2025/2030
In the meantime, the assault appeared to have precipitated some losses for members of the channel. One Polygon person recognized as ValidatorK reported dropping roughly 120,000 MATIC and 30 ETH because of the exploit. ValidatorK criticized the community for not saying the breach by its official X account, accusing Polygon of poor communication through the incident.
“This was my Ethereum pool till about 33 minutes in the past. But it surely disappeared right away by the hyperlink offered by the announcement on Polygon’s official Discord,” the sufferer lamented.
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