Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home Incidents

Polygon Discord Hack Leads to $150,000 Loss

August 26, 2024
Reading Time: 2 mins read
in Incidents
Polygon Discord Hack Leads to $150,000 Loss

On August 24, 2024, Polygon’s Discord channel suffered a significant security breach, resulting in a notable financial loss for its users. The hack led to a $150,000 loss for one individual who interacted with a fraudulent announcement posted within the compromised channel. Polygon’s Chief Information Security Officer, Mudit Gupta, confirmed the breach and urged users to avoid clicking on any links shared in the affected server until the situation is fully resolved. The incident has drawn attention to the vulnerabilities in cryptocurrency communication platforms.

The breach occurred amid ongoing preparations for a major network upgrade on Polygon. The platform is set to replace its native MATIC token with POL tokens on September 4, 2024, in a significant update designed to expand the network’s capabilities. The timing of the attack has intensified concerns about the security of cryptocurrency platforms, particularly during critical upgrade phases. Polygon’s security team is actively working to regain control of the channel and mitigate further damage.

The impact of the hack has been felt throughout the Polygon community, with users reporting increased activity from scammers posing as support agents. These scammers have used the breach to distribute malicious links and misinformation, complicating the recovery efforts. The situation underscores the growing need for robust security measures to protect users and assets within cryptocurrency ecosystems.

This incident is part of a troubling trend of cyberattacks targeting cryptocurrency-related platforms. Similar breaches have occurred in the past, including phishing scams on the Arbitrum Discord server and a $1.27 million loss for Gnus.AI due to a Discord exploit. As Polygon continues its network upgrade, the breach highlights the importance of vigilance and enhanced security practices to safeguard against evolving cyber threats.

Reference:

  • PSA: Do not click on any links in the @0xPolygon community discord until further notice.
Tags: August 2024Cryptocurrenciescyber incidentsCyber Incidents 2024Cyber threatsDiscordPolygon
ADVERTISEMENT

Related Posts

Dior Alerts Customers After Cyberattack Hit

Dior Alerts Customers After Cyberattack Hit

July 22, 2025
Dior Alerts Customers After Cyberattack Hit

CoinDCX Says $44M Stolen from Reserves

July 22, 2025
Dior Alerts Customers After Cyberattack Hit

Poland Probes Air Traffic Control Issue

July 22, 2025
Arcadia Finance Hack Steals $3.5M in WETH

ATM Jackpotting in Michigan Nets $107K

July 21, 2025
Arcadia Finance Hack Steals $3.5M in WETH

Ransomware Hits Korea’s Top Insurer

July 21, 2025
Arcadia Finance Hack Steals $3.5M in WETH

Arcadia Finance Hack Steals $3.5M in WETH

July 21, 2025

Latest Alerts

CrushFTP Warns of Exploit in the Wild

7-Zip Flaw Lets Malicious Files Crash PCs

3.5K Sites Hijacked to Secretly Mine Crypto

PoisonSeed Hackers Bypass FIDO Keys

Microsoft Patch Fixes SharePoint RCE Issue

Microsoft AppLocker Bug Enables Bypass

Subscribe to our newsletter

    Latest Incidents

    Poland Probes Air Traffic Control Issue

    CoinDCX Says $44M Stolen from Reserves

    Dior Alerts Customers After Cyberattack Hit

    ATM Jackpotting in Michigan Nets $107K

    Ransomware Hits Korea’s Top Insurer

    Arcadia Finance Hack Steals $3.5M in WETH

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial