Polygon Discord Hacked Ahead of MATIC to POL Token Migration

Polygon is dealing with a serious security breach just before a major network upgrade. The project's Discord channel has been compromised, raising concerns about potential phishing scams targeting users ahead of the MATIC to POL token swap.

Discord Channel Breached Polygon’s Chief Information Security Officer, Mudit Gupta, warned on X that the Discord channel has been hacked. He advised against clicking any links until the issue is resolved. This breach is particularly alarming due to the upcoming migration of MATIC to POL tokens.

Polygon co-founder Sandeep Nailwal also advised users to be cautious of suspicious links. Gupta noted that the breach occurred despite having Two-Factor Authentication (2FA) in place. The exact cause of the hack is still under investigation.

Token Migration Details The transition from MATIC to POL is set for September 4, and it’s a major upgrade for Polygon. The migration will be phased, starting with swapping MATIC for POL on the PoS chain, followed by other updates.

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MATIC holders on the PoS chain and those staking on Ethereum won’t need to take any action, but those holding MATIC on other platforms will need to migrate their tokens.

Despite the breach, MATIC’s price remains resilient, currently trading above $0.50, showing a positive trend in the market.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.