- Polygon (MATIC) has regained control of its discord channel.
- The firm’s CISO confirmed the team was cleaning up the platform to avoid a repeat.
- MATIC declined 9% following the Polygon discord channel hack scare.
Polygon (MATIC) has regained control of its discord channel hours after hackers allegedly compromised the platform on Saturday, August 24. In a recent post on X, Polygon’s Chief Information Security Officer (CISO) Mudit Gupta announced the team had recovered the platform and was doing a clean-up to ensure the alleged hackers don’t return.
Gupta initially advised Polygon’s community members not to click on any links in the discord, citing a compromise by hackers. It took the CISO nearly three hours before announcing the platform’s recovery and much longer to declare the space open for normal activities after removing external bots posted by the alleged hackers.
Meanwhile, several hours later, Polygon announced via its official X account that it had regained access and secured the Polygon community discord server. According to Polygon, it embarked on a security review after removing the bots, disrupting some of the platform’s features. However, Polygon advised its community members to remain vigilant, emphasizing it would never ask anyone for their seed phrase.
The momentary discord hack appears to have taken a toll on MATIC’s price after the Polygon platform’s native crypto reversed sharply from a sustained bullish run. MATIC’s rally halted at $0.5822 after nine consecutive bullish daily candles, per TradingView’s data. The rally paused, with MATIC’s price pulling back about 9% from yesterday’s high to trade for $0.5325 at the time of writing.
Besides the temporary loss of control and the suspicious links posted on the channel, Polygon users reported no more consequences from the alleged hack. Hence, most crypto community members believe the recent price pullback is a matter of panic that would subside, leaving MATIC to continue with its newly rediscovered bullish form.
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