Poly Network

Enhancing connections between ledgers by providing #interoperability in #Web3. Discord:

[Poly Network @PolyNetwork2]

After thorough evaluation and in light of the changing market landscape, we regret to announce that Poly Network will be ceasing all services, effective September 30th, 2024.

It has been an honor to serve you.

For more details 👉 https://t.co/R21BudIoZ2

[Poly Network @PolyNetwork2]

Our Poly Bridge cross-chain services officially suspend today. While we remain committed to supporting our existing partners, we regret to inform you that we will no longer accept new deployments.

Check out more details 👉 https://t.co/GuBmQM76jy

[Poly Network @PolyNetwork2]

@GrabowskiDylan Hope our new post answers your question ;)

[Poly Network @PolyNetwork2]

🚨 After careful consideration of market conditions, we regret to inform you of the suspension of all Poly Network cross-chain services, effective 🗓️ April 10th, 2024.

[Poly Network @PolyNetwork2]

Regarding the suspension of our cross-chain services, please note that this specifically refers to our Poly Bridge cross-chain services, not Poly Network services as a whole. We appreciate your continued understanding and support 💙.

[Poly Network @PolyNetwork2]

🚨 After careful consideration of market conditions, we regret to inform you of the suspension of all Poly Network cross-chain services, effective 🗓️ April 10th, 2024.

[Poly Network @PolyNetwork2]

We greatly appreciate your cooperation and understanding during this transition 💙.

It has been a pleasure to accompany you all on your cross-chain journey.

[Poly Network @PolyNetwork2]

For projects applying our infrastruture and encountering difficulties in developing their own front-ends, our team remains available to provide assistance.

[Poly Network @PolyNetwork2]

✅ All 12 previously pending transactions have been completed.

[Poly Network @PolyNetwork2]

🚨 Poly Bridge Update

There are 53 Exploit-affected transactions via Poly Bridge:

✅ 11 transactions were directly transferred to user addresses
✅ 2 transactions were completed
🔄 12 transactions are still in progress
❌ 28 transactions couldn't be processed due to the Exploit

[Poly Network @PolyNetwork2]

🔗 Check Transactions: https://t.co/OEqU82U1Ug

[Poly Network @PolyNetwork2]

🛡️ Uncover the damage control details deployed by the Poly Network team in the aftermath of the Exploit.

📕 Read more in our latest blog article 👇
https://t.co/TCw0rLqzCq

[Poly Network @PolyNetwork2]

1⃣ Changing the way to compile and distribute software
2⃣ Creating a monitoring mechanism for the bridge to detect suspicious transactions
3⃣ Implementing reinforcements for the target chains

[Poly Network @PolyNetwork2]

🔒 To enhance Poly Bridge cross-chain security, we have designed and implemented several security reinforcement solutions 👇
https://t.co/ckagcNWAOu

[Poly Network @PolyNetwork2]

Thanks to @SlowMist_Team, @peckshield, @Beosin_com, and @BlockSecTeam for their assistance in asset tracking as we address the aftermath of the exploit. 🤝

[Poly Network @PolyNetwork2]

On July 2nd, 2023, #PolyNetwork encountered an exploit which impacted 58 assets across 11 blockchains. The Poly Network team immediately initiated an investigation.

📕 Details of the exploit are now disclosed 👉 https://t.co/DpM9obA8Nu

[Poly Network @PolyNetwork2]

We extend heartfelt thanks to all our users and the broader ecosystem for your understanding and support. Security enhancement is, and will always be, our top concern. 🛡️

[Poly Network @PolyNetwork2]

At @PolyNetwork2, we're shaping the future of blockchain through interoperability. Don't miss this analysis on the growth of this market by @YahooFinance 👇🏼 https://t.co/4bv96eDcrU

Join us on the journey to a connected #blockchain ecosystem!

[Poly Network @PolyNetwork2]

Fast forward to today and we find that crypto oracles are the powerhouses of the data behind smart contracts. This has fueled the rise of #DeFi and amplified the versatility of blockchain tech.

Oracles are not just connecting data; they're creating opportunities!

[Poly Network @PolyNetwork2]

Are you wondering how the digital realm of #blockchain taps into the real world? Say hello 👋🏼 to Crypto Oracles, who are making the connection!

Let's dive into their origins and why they're a game-changer for the entire #crypto today! ✨

[Poly Network @PolyNetwork2]

The Crypto Oracle journey started with trying to find ways to connect isolated blockchains to sources of real world data.

The need for a decentralized, secure solution to this problem sparked the creation of Oracles, which evolved into the guardians of data integrity.