Poly Network Announces Complete Termination of Services
Poly Network has made the decision to completely terminate its services, including the shutdown of Poly Bridge cross-chain and other services, effective September 30, 2024.
Earlier in April, the team had announced their plans to suspend cross-chain services, focusing only on existing partners and halting new deployments. The final decision to shut down was influenced by changing market conditions. The team is committed to assisting projects in transitioning away from the platform and addressing any queries or concerns.
This year, Poly Network encountered its third major exploit when an attacker successfully stole over US $3 million in various tokens through Flamingo Finance. In response, eight addresses linked to the attacker, including four suspected exchange deposit addresses, have been frozen.
For more details, you can view the original announcement here.