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Plexus Hack Compromises Ownership of Native Token $PLX

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Plexus Hack Compromises Ownership of Native Token $PLX

  blockchainreporter.net 3 h

Plexus Hack Compromises Ownership of Native Token $PLX

PLEXUS, a well-known cross-chain bridge aggregating platform, has recently witnessed a shocking incident. As per it, the company has witnessed the hack of token ownership of its native coin PLX while it has not yet figured out the potential reason behind this event. The platform took to its account on X to disclose the news of this attack.

Currently, the token ownership of PLX has been hacked. We are trying to figure out the cause, and please refrain from trading additional purchases on Bitget and Uniswap. After we understand and organize the situation, we will provide you with guidance on reissuing and exchanging…

— PLEXUS | We’re Hiring! (@plexus_fi) June 1, 2024

PLEXUS Witnesses the Hack of Its Native Token’s Ownership

In its latest X post, the firm revealed that its team is making significant endeavors to find out possible causes. Additionally, the company advised the consumers to stay away from further purchases on Uniswap and Bitget. In addition to this, the firm also assured the community that it would provide adequate information concerning the respective incident. It also pointed out that it is trying to comprehend the respective situation.

Following the comprehension of the hack, the company will reportedly share proper guidance concerning the exchange and re-issuance of the tokens. However, while taking into account the inconvenience of the users, the platform apologized and thanked them for their patience. The platform moved on to guide the consumers regarding the PLX token as the hack has raised concerns about it.

The Platform Cautions Users against Purchasing More PLX Tokens

It requested the users to avoid the purchase of extra PLX tokens from the market. In the meantime, the firm is reportedly making a strategy for the re-issuance and exchange of the coins. Along with this precaution, the company has also contacted the team of Bitget. Plexus has requested them to halt trading. The firm also announced that it will announce further notice once the situation is settled down.

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