Metis Safeguards METIS Holdings Amid Poly Network Attack

Key Points:

• Metis takes snapshots of METIS holdings on the BNB Chain during the Poly Network attack to protect user assets and ensure transparency.
• The platform advises users not to interact with the current token contract on the BNB Chain, deploys a new contract, and recommends liquidity providers to withdraw from Pancake Swap to enhance security measures.

In response to the recent Poly Network attack, Metis, the Web3 platform, has taken decisive steps to protect METIS holdings on the BNB Chain. 

On July 5th, Metis announced via Twitter that it has taken snapshots of METIS holding addresses during two critical periods, namely the Poly Network attack and the initial sale of this token by the attacker. Importantly, any METIS purchases made on the identified address will not be recognized.

To ensure the security and integrity of METIS tokens, the platform advises users against interacting with the current token contract on the BNB Chain. Instead, the platform will deploy a new contract to address any vulnerabilities. This proactive measure aims to maintain the trust and confidence of the community.

Additionally, the platform urges liquidity providers to withdraw all liquidity from Pancake Swap. By doing so, they can safeguard their assets and minimize potential risks associated with the ongoing situation. Ensuring the protection of user funds and maintaining a secure ecosystem are their top priorities.

The Poly Network attack, which made headlines on July 3rd, saw hackers exploit vulnerabilities across multiple chains, resulting in the issuance of more than ten different assets worth a staggering $34 billion. The platform’ swift response to the attack demonstrates its commitment to safeguarding the interests of its users and actively addressing security concerns.

The platform continues to monitor the situation closely and is actively working towards implementing necessary measures to enhance the security and resilience of its platform. By taking snapshots of METIS holdings and deploying a new contract, they aims to mitigate any potential risks and ensure the long-term stability of its ecosystem.

As the investigation into the Poly Network attack unfolds, the team remains dedicated to providing transparent updates and ensuring the safety of user assets. Users are encouraged to stay updated with official announcements from the platform and exercise caution while engaging with any related activities on the BNB Chain.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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