• In the most recent DeFi hack, $31 million was stolen from MonoX on Polygon and Ethereum

  • In a DeFi hack, approximately $31 million in various cryptocurrencies were stolen from MonoX.

    MonoX is a DeFi platform that provides liquidity pools where traders can deposit tokens and receive tokens in exchange for providing liquidity.

    Wrapped ether (WETH) worth $18.2 million and polygon worth $10.5 million were among the funds stolen (MATIC). WBTC, LINK, GHST, DUCK, MIM, and IMX were also taken.

    The funds were stolen from two different blockchains, Ethereum and Polygon. Polygon, formerly Matic, is a proof-of-stake blockchain that assists in offloading some of the load from the Ethereum blockchain.

    MonoX has not issued a statement in response to the hack. We have contacted MonoX and will update this story if we receive a response.

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