Polygon’s multi-sig attack vector. What’s going on?

Polygon, formerly known as Matic, has had quite a year. A peak of $7.5bn in TVL which, despite the recent drops is still sitting at $6.87bn and the Matic token itself has posted possibly the fastest recovery of any token in the top 50 thanks in no small part to the announcement that Mark Cuban is now an investor. There are many Layer2 solutions but right now, Polygon is the one that’s getting all the attention but not all of it positive.

Polygon official site: https://polygon.technology/
Matic Documentation on Multi-sigs: https://docs.matic.network/docs/faq/commit-chain-multisigs/
Chris Blec on Twitter: https://twitter.com/ChrisBlec
Chris’ first letter: https://defiwatch.net/inquiry-into-polygon-multisig/
Chris follow up letter: https://defiwatch.net/second-letter-to-polygon/
Matic Staking dashboard: https://wallet.matic.network/staking/
Mark Cuban news on the Defiant: https://thedefiant.io/mark-cuban-sends-polygon-soaring-as-glitch-pings-matic/

Follow The Defiant
https://newsletter.thedefiant.io/
https://twitter.com/defiantnews
https://thedefiant.io/
https://t.me/DefiantNews
https://t.me/DefiantChat

Follow Robin on Twitter: @dirschmidt

#TheDefiant​ #DeFi​ #Decentralized​ #Finance​ #Blockchain #Polygon

(Visited 61 times, 1 visits today)

You might be interested in

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *

eos
EOS (EOS) 0,807542 3,24%
aave
Aave (AAVE) 85,16 1,70%
the-graph
The Graph (GRT) 0,252524 2,41%
kusama
Kusama (KSM) 28,15 0,81%
waves
Waves (WAVES) 2,29 1,98%
dash
Dash (DASH) 28,53 0,72%
bitcoin
Bitcoin (BTC) 59.933,76 1,05%
ethereum
Ethereum (ETH) 2.953,58 0,83%
cardano
Cardano (ADA) 0,442540 0,75%
tether
Tether (USDT) 0,934625 0,12%
xrp
XRP (XRP) 0,490743 0,58%
solana
Solana (SOL) 138,13 2,91%
polkadot
Polkadot (DOT) 6,46 1,99%
usd-coin
USDC (USDC) 0,935560 0,08%
dogecoin
Dogecoin (DOGE) 0,141684 1,28%
uniswap
Uniswap (UNI) 7,50 3,28%
terra-luna
Terra Luna Classic (LUNC) 0,000100 0,90%
litecoin
Litecoin (LTC) 78,25 1,55%
chainlink
Chainlink (LINK) 13,79 0,17%
bitcoin-cash
Bitcoin Cash (BCH) 447,81 0,67%
algorand
Algorand (ALGO) 0,191995 5,00%
matic-network
Polygon (MATIC) 0,671886 0,34%
stellar
Stellar (XLM) 0,106411 1,75%
cosmos
Cosmos Hub (ATOM) 7,83 1,90%
filecoin
Filecoin (FIL) 5,64 1,59%
tron
TRON (TRX) 0,109359 3,34%
ethereum-classic
Ethereum Classic (ETC) 24,65 2,09%
dai
Dai (DAI) 0,934433 0,21%
tezos
Tezos (XTZ) 0,952383 0,24%
monero
Monero (XMR) 111,22 1,54%