Poly Network
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Poly Network

Poly Network Monthly Report (Aug)

Monthly Highlights

In August, Poly Network settled the unprecedented DeFi crypto incident by returning safely all affected user assets ($610M) from Mr. White Hat and restoring the system within 2 weeks.

Additionally, total trade volume surpassed $11.4 billion in value (USD).

PolyMetrics

Poly Network shattered another record:

Total Trade Volume $11.4 Billion

Cross Chain Transactions 571K

Cross Chain Addresses 234k

(Updated: 31 Aug,2021)

Development

Aug 14

Poly Network released the Roadmap for resuming operations and fully recovering user assets

Medium: https://medium.com/poly-network/poly-network-roadmap-for-the-next-phase-9f84c03c2e53

Aug 15

Poly Network completed necessary fixes and refined codes.

Patch Reviews:

This is the Github PR for the vulnerability fix:

https://github.com/polynetwork/eth-contracts/pull/12/files

PeckShield:

https://peckshield.medium.com/polynetwork-bug-review-and-patch-analysis-88bde8441297

BlockSecTeam Review:

https://blocksecteam.medium.com/the-informal-security-review-of-the-patch-of-the-poly-network-1a0a532b731e

Beosin (Chengdu LianAn Tech) Review:

https://beosin.medium.com/boesins-analysis-of-the-fix-code-on-poly-network-smart-contracts-a305639ea626

Aug 16

Poly Network completed mainnet upgrade.

Medium: https://medium.com/poly-network/poly-network-mainnet-upgrade-goes-live-d708f4fa2cf1

Aug 17

Poly Network launched global bug bounty program on Immunefi.

Full Details: https://medium.com/immunefi/poly-network-joins-immunefi-with-100-000-bug-bounty-after-hack-d349e1192853

Bug Submission: https://immunefi.com/bounty/polynetwork/

Aug 26

Poly Network recovered all user assets.

Medium: https://medium.com/poly-network/poly-network-asset-recovery-complete-a7ba33c2f2e4

Sep 1

Poly Network fully restored cross-chain services.

In the Media

The Poly Network team would like to express our gratitude to the following media who have conducted objective and truthful coverage of the Poly Network Exploit (in alphabetical order):

BBC, Bloomberg, CBS News, CNBC, CNN, Coinage,CoinDesk, CoinGape, Cointelegraph, Cryptonews, Decrypt, Financial Times, Forbes, Forkast, Reuters, The Guardian, The Register, The Wall Street Journal, etc.

Community Growth

In August, the Poly Network Community boomed with a total of 4,415+ members on Telegram and 22.2K followers on Twitter.

Recruitment

We are hiring:

Poly Network is now searching for experienced Community Operation Co-Builder and English Content Editor.

Check full details here: https://medium.com/poly-network/2021-become-the-next-poly-network-co-builder-536704d2a01a

For more info about Poly Network

Website | Telegram | Medium | Twitter | Discord | Github| Forum

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Representing both a technical breakthrough and a milestone for blockchain adoption, Poly Network is well positioned to become the pillar of NGI and the smart economy of tomorrow.

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