Poly Network was already exploited for more than $600m in 2021, and this exploit may damage trust in the platform further.
The creators of the platform have now deleted their social media accounts.
The funds were stolen in the form of USDT, and many users had previously complained about not being able to withdraw.
Chastain’s punishment is still unknown, but the case could establish a form of precedent for future NFT insider trading cases.
OpenSea’s NFT marketplace dominance is also being threatened by a new marketplace called Blur.
Over $1bn worth of ETH has also been made inaccessible due to human error and bugs since it was launched.
Amazon has announced that it is launching its own NFT marketplace next month.
Logan Paul’s NFT project might have just landed him in some hot water.
The Premier League is becoming increasingly involved with NFTs, and some companies are reaping the benefits.
What has been a suspicion of the DeFi world for some time, has finally been confirmed by the FBI.
The perpetrator of the multimillion dollar Mango Markets hack is in the sights of the SEC.
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