A hacker exploited a vulnerability in a legacy royalties contract on the Polygon blockchain, stealing approximately $261,200 worth of cryptocurrency. The attack was enabled by flawed reward calculations that inflated ownership balances, allowing the attacker to claim excessive rewards through multiple zero-value transactions and a flash loan. Security firms TenArmorAlert and CertiK identified and analyzed the exploit, confirming it targeted an old contract rather than Polygon's core blockchain. Developers are urged to audit and update or deactivate outdated smart contracts to prevent similar attacks in the future.
Polygon network led Latin America's stablecoin market in May, processing $309 million in stablecoin volumes, driven by emerging market currencies like Brazil's BRLA and Colombia's COPM. This growth reflects a 16-fold increase in non-dollar stablecoin...
Zacxbt, a crypto influencer with 52,000 followers, has reached the top 0.23% on Kaito's AI-driven mindshare leaderboard, which measures genuine influence in crypto conversations rather than follower counts. Kaito's algorithm prioritizes meaningful en...
Polygon's network activity surged to nearly 8 million daily transactions, the highest this month, supporting a 5% price gain for POL. The altcoin broke above a key resistance at $0.08135, driven by increased whale buying and rising liquidity. With st...
