Polygon, a leading blockchain platform, was hacked via its community’s Discord channel. The breach resulted in significant damage, including 150,000 USD worth of Ether. The platform’s security officer confirmed the incident and asked users to avoid the links within the channel.
Polygon Discord Hacked Despite Two-Factor Authentication
Polygon’s Discord channel was hacked, and the community members got worried. It is concerning that the attack occurred even with two-factor authentication set for the privileged accounts. Notably, there has been a rise in cases of hackers attacking cryptocurrency-related Discord channels.
The attackers used the hacked channel to share malicious links, deceiving many users. Therefore, the support channel received many inquiries from users impacted by the outage. It did not take long for the scammers to impersonate support agents, which made it even more difficult to contain the breach.
User Funds Lost Amid Polygon Discord Phishing Attack
The extent of the breach was realized when users claimed to have lost a lot of money. One user, ValidatorK, said they lost 150,000 Ether after interacting with a phishing link posted in an official announcement on Discord.
Another user, shadabk2005, tried to share the information about the scam links with others but was met with resistance. The user was given a timeout, which underlines the difficulties of risk communication during such incidents.
These occurrences have raised questions on the extent of protection offered by applications like Discord. This is especially concerning because Polygon is experiencing a large-scale network upgrade.
As part of the upgrade, it aims to transfer its native token to POL tokens, increasing the usage of Polygon’s token and accommodating its expanding network of blockchains. However, the breach has dampened these plans, as users are now more skeptical of their interactions on the platform.
The event shows that enhanced security measures are needed, particularly during strategic times like network changes. The platform must resolve these security issues as it continues to evolve to ensure users’ confidence.
Cryptocurrency Platforms Face Increasing Cyberattack Threats
In response to the breach, Polygon’s CEO has come out to encourage the community to be cautious, having noted the following: In the meantime, users are recommended not to click on any links present in the Discord channel.
Polygon is still trying to ensure the channel is safe and secure to avoid repeating such events. This is the latest incident of hacking cryptocurrency platforms and is another indication of their vulnerability.
Other recent events include a phishing attempt targeting the Arbitrum Discord server and exploiting the Gnus AI network. These instances show the rising risk of cyberattacks within the cryptocurrency market.
