Hack history / 2024 / Hack or exploit
PolyNetwork
Hack or exploit on Aug 12, 2024 · Unknown
ONE SOURCE · 1 SOURCE
Lost
$5M
dollars at the time
Returned
none listed
as the sources state it
Rank
#448
among thefts by dollars lost
What happened
On August 12, 2024, an undisclosed vulnerability in Poly Network's Cross-Chain Management Contract drained $4-5M in wrapped assets on Neo N3, de-pegging Flamingo's f- and p-assets. Poly Network suspended the bridge and Flamingo paused cross-chain features; Neo Global Development relaunched and took over in September. This was the third Poly Network compromise.
Details
- Date
- Aug 12, 2024
- Kind
- Hack or exploit
- Method
- Unknown
- How in
- Smart contract bug
- Target
- DeFi protocol
- Chains
- PolyNetwork
Reported by
Related incidents
Cite this page
SwanBluechip, "PolyNetwork hack, Aug 12, 2024: $5M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht6c669159c3/ (data as of 2026-10-31).