Polygon, a protocol and framework built for creating, connecting Ethereum-compatible blockchain networks, faced a security angle before its new upgrade.
According to the statement made by the protocol, on December 3, the hacker with the bona fide Leon Spacewalker alias found a bug that could put 9 billion MATIC tokens worth $20 billion at risk and reported it to the officials.
As of December 5, the error was corrected by the protocol engineers and the hacker was rewarded with a reward of 2.2 million dollars.
https://twitter. com/0xPolygon/status/1476032036804513792
1. $4M MATIC Token Hijacked by Another Hacker
According to Polygon’s crypto security company Immunefi, this intervention was not enough to protect the entire contract and 801, 601 MATIC was captured by a different hacker.
Polygon (MATIC) Price
Polygon (MATIC) rallied slightly after dropping to an all-time high of $2.92 on Dec. 27. According to CoinGecko data, at the time of writing, MATIC was trading at $2.54.