Poolz Finance Smart Contract Hacked on Binance Smart Chain and Polygon, Resulting in Loss of US$390,000
On May 11th, 2021, a major security breach occurred on the Binance Smart Chain and Polygon networks, resulting in the loss of US$390,000 worth of cryptocurrency. The hack targeted the Poolz Finance smart contract, a decentralized finance (DeFi) protocol that allows users to earn rewards by providing liquidity to the platform. The hacker was able to exploit a vulnerability in the smart contract code, allowing them to withdraw funds from the platform without authorization.The Poolz Finance team was quick to respond to the incident, releasing an official statement on their