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Polyhedra Network Claims No Loss Incurred In Security Incident

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Polyhedra Network Claims No Loss Incurred In Security Incident

  blockchainreporter.net 24 m

Polyhedra Network Claims No Loss Incurred In Security Incident

Polyhedra and zkBridge have assured that their security measures are still strong after a thorough investigation into the recent $BNB wallet breach. Several reputable firms have conducted audits on zkBridge, confirming both its security and functionality. These audits have provided assurance to users regarding the safety of their assets. They emphasize the robustness of the platform’s security infrastructure.

Upon thorough investigation, Polyhedra and zkBridge’s security stands firm and unaffected by the recent incident. The zkBridge has undergone audits by several reputable auditing firms and is functioning as expected without compromising user asset security.

— Polyhedra Network (@PolyhedraZK) March 13, 2024

Cyvers Alerts Uncovers $THE Token Breach in Polyhedra’s Wallet

Cyvers Alerts discovered the breach and found the attacker stole 1.4 million $THE tokens from Polyhedra’s wallet, worth $700,000. After that, the attacker sold all tokens. Investigators found that Tornado funded the attacker.Cash is a privacy-focused platform.

However, the breach was caused by a human error, not a smart contract flaw. This distinction is crucial because it demonstrates Polyhedra and zkBridge’s security. The breach did not affect user funds. It shows the platform cares about user assets.

Polyhedra started legal proceedings against the breachers after the breach. Polyhedra hopes to punish the breachers and prevent future breaches by going to court. These actions demonstrate Polyhedra’s commitment to user safety.

Polyhedra Reassures Users After Breach, Affirms Strong Security Measures

Polyhedra also issued an official statement to reassure users. The clarification clarifies that the breach does not weaken the Polyhedra zkBridge. Several respected auditing firms have checked the zkBridge, and it continues to protect user assets.

Polyhedra remains committed to providing a safe and secure cryptocurrency trading platform despite the breach. Polyhedra prioritizes security and fixes vulnerabilities to maintain its cryptocurrency ecosystem’s reliability. Polyhedra is confident it can solve issues and secure cryptocurrency transactions with user support and security improvements.

Polyhedra is committed to improving its security infrastructure and reducing future breaches. Polyhedra hopes to stay ahead of new threats and protect user funds by constantly updating its security measures. Polyhedra will also continue working with reliable auditing firms to conduct regular security checks and audits to strengthen its security.

Lastly, the recent breach may have worried users, but Polyhedra and zkBridge responded quickly and decisively. Polyhedra will continue to take proactive measures, go to court, and communicate honestly to keep its platform safe and honest. Polyhedra constantly improves security and protects user assets, preparing it for future issues. It will keep its cryptocurrency transaction security promise.

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