Breaking: Polygon, Major Blockchains Hit With Network Attack

Nidhish Shanker
July 1, 2022
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Polygon-MATIC

Blockchain infrastructure company Ankr said on Friday that some of its services provided to Polygon and Fantom were under attack from hackers. 

On their Twitter account, Ankr revealed that they are investigating their Polygon and Fantom Foundation Remote Procedure Calls (RPC). They also provided alternate RPCs for the time being.

RPCs are a software communication program used to exchange information across different networks.

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Polygon Under Attack

Mudit Gupta, the chief information security officer of 0xPolygon, revealed on Twitter that Ankr’s RPC gateway for Polygon (polygon-rpc.com) and Fantom (rpc.ftm.tools) were compromised by a DNS hijack. He also pointed out that his company has no control over services provided by others. 

Fantom has also asked its users not to use the compromised RPC.

Gupta disclosed working with Ankr and suggested the use of Alchemy RPCs until the issue is resolved. He also highlighted that Polygon is working on its own RPC to ensure more reliability.

Meanwhile, Ambire Wallet revealed that the Polygon and Fantom networks are unavailable on their wallets.  QuickSwap DEX has also asked users to not use the compromised networks until they have more information. 

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A Phishing Attack

The users of the compromised RPC see an error message, asking the users to transfer their funds to polygonapp[.]net. The scam transfers the users to a different page to put their seed. 

The damage done by the attack is still unclear. However, a new attack vector targeting RPC endpoints is now added to a long list of security vulnerabilities that Web3 companies need to combat.

The attack also comes on the heels of several major crypto hacks in July. Harmony- a decentralized exchange- was the biggest target last month, with $100 million being stolen from the platform.

The Bored Ape and Otherside NFT projects saw their Discords being compromised, while Ethereum-based DeFi platform Inverse Finance lost $1.2 million to an exploit.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Nidhish is a technology enthusiast, whose aim is to find elegant technical solutions to solve some of society's biggest issues. He is a firm believer of decentralization and wants to work on the mainstream adoption of Blockchain.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.