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Polygon upgrade quietly fixes bug that put $24B of MATIC at risk

Published 12/29/2021, 08:20 PM
Updated 12/30/2021, 10:00 PM

Ethereum-based layer-two scaling network Polygon has quietly fixed a vulnerability that put almost $24 billion worth of its native token, MATIC, at risk.

According to a Wednesday blog post from Polygon, the “critical” vulnerability in the network’s proof-of-stake Genesis contract was first highlighted by two whitehat hackers on Dec. 3 and Dec. 4 via blockchain security and bug bounty hosting platform Immunefi.

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