$7M Stolen in Polter Finance Exploit on Fantom Blockchain

Polter Finance, a decentralized finance (DeFi) platform, has reported a major exploit on the Fantom blockchain, leading to the theft of over $7 million in digital assets. 

Source: Twitter

As per the report by Cyvers Alerts, the attacker initially funded the exploit through TornadoCash on Ethereum, before moving the funds to the Fantom network via a bridging process.

Upon discovering the exploit, PolterFinance acted swiftly by pausing its platform to prevent further damage. The team also took immediate steps to notify involved bridges and began tracing the stolen assets, which led to the identification of wallets connected to Binance.

An active investigation is underway to determine the full scope of the attack. The PolterFinance team has announced they are working closely with authorities to address the issue. As of now, the platform remains paused, and security measures are being strengthened to prevent similar incidents in the future.