HomeCoinsEthereum (ETH)$31 million stolen from MonoX on Polygon, Ethereum in DeFi hack

$31 million stolen from MonoX on Polygon, Ethereum in DeFi hack

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$31 million stolen from MonoX on Polygon, Ethereum in DeFi hack

Around $31 million in a variety of cryptocurrencies has been stolen from MonoX in a DeFi hack.

MonoX is a DeFi platform that offers liquidity pools, where traders can place their tokens and receive tokens in return for providing liquidity.

The funds stolen included $18.2 million in wrapped ether (WETH) and $10.5 million in polygon (MATIC). Other tokens taken were WBTC, LINK, GHST, DUCK, MIM and IMX.

The funds were stolen across two blockchains, Ethereum and Polygon. Polygon, formerly Matic, is a proof-of-stake blockchain that helps to take some of the load off the Ethereum blockchain.

MonoX has not made a statement following the hack. We have reached out to MonoX and will update this story should we hear back.

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