$31 million stolen from MonoX on Polygon and Ethereum in latest DeFi hack
Around $31 million in a variety of cryptocurrencies has been stolen from MonoX in a DeFi hack.
MonoX is a DeFi platform that offers liquidity pools, where traders can place their tokens and receive tokens in return for providing liquidity.
The funds stolen included $18.2 million in wrapped ether (WETH) and $10.5 million in polygon (MATIC). Other tokens taken were WBTC, LINK, GHST, DUCK, MIM and IMX.
The funds were stolen across two blockchains, Ethereum and Polygon. Polygon, formerly Matic, is a proof-of-stake blockchain that helps to take some of the load off the Ethereum blockchain.
MonoX has not made a statement following the hack. We have reached out to MonoX and will update this story should we hear back.
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Tim Copeland
