Polygon Recovers Discord Server After $145K Hack, Preps for POL Token Launch

Polygon’s Discord server recently faced a security breach that resulted in the theft of approximately $145,000 from one user. The incident unfolded as hackers infiltrated the community channel, posing as support agents and disseminating malicious links. Mudit Gupta, Polygon’s Chief Information Security Officer, confirmed that the issue has been resolved.

The breach raised concerns about Polygon’s security protocols despite the assurance that two-factor authentication (2FA) was enabled for privileged accounts. Notably, this breach occurred during preparations for a major network upgrade, which includes transitioning from the native token MATIC to the new POL token, set to launch in September.

The wallet address involved in the attack was connected to prior phishing incidents. Ten days ago, it transferred over $72,000 worth of ether to another wallet flagged by Etherscan as a phishing perpetrator. Additionally, five days ago, the same wallet moved an additional $29,500 worth of ether to another flagged wallet, which now holds $150,000 in assets. These transactions underscore the persistent risks associated with such phishing schemes, reported Crypto News Land.

We have regained access and secured the Polygon community discord server.

All external bots and integrations have been disabled while we perform a security review of each of them to avoid this from happening again. Some features may be limited for a while, but you are free to… https://t.co/TuP9XOLWFf

— Polygon | Aggregated (@0xPolygon) August 24, 2024

Discord hacks have become increasingly problematic within the cryptocurrency community, where Discord is a primary communication tool. These channels often contain critical information and asset management tools, making them attractive targets for cybercriminals. Earlier this year, similar incidents affected other crypto platforms, such as Arbitrum and Gnus.AI.

Despite these challenges, a recent Chainalysis report revealed a decline in overall illicit cryptocurrency transactions in 2024, even as specific criminal activities surged.

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