Binance Smart Chain (BSC) Bridge Provider Security Breached, but Polker (PKR) is Strongly Resistant
Binance Smart Chain (BSC) Bridge Provider Security Breached,
but Polker (PKR) is Strongly Resistant
Failure by the bridge provider, Poly-Network to close ETH-BSC bridge at launch time leads to massive dump of PKR tokens.
NEW YORK, US, July 1, 2021 – Polker, an online blockchain game, fell victim to a security breach during their launch last Friday. A bot used for sniping (a program which immediately buys items on release), was able to purchase nearly 2 million PKR tokens from a UniSwap liquidity pool before the tokens had been distributed. The opportunistic buyer then took advantage of a security breach caused by bridge provider, Poly-Network. This allowed the buyer to transfer PKR tokens from the ETH chain to the BSC chain where the market was most liquid. This cause...