Metis, the leading Web3 platform, has taken swift and decisive action to protect the holdings of METIS token on the Binance Smart Chain (BNB) in response to the recent Poly Network attack. In an announcement made on July 5th through their official Twitter account, Metis revealed their proactive measures to address the security breach effectively.
During the critical periods of the Poly Network attack and the initial sale of the METIS token by the attacker, Metis took snapshots of all METIS holding addresses. This meticulous step ensures that any purchases of METIS made from the identified addresses during these periods will not be recognized or validated. Consequently, the platform strongly advises its users against engaging with the current token contract on the BNB Chain, emphasizing the importance of user caution and vigilance.
Furthermore, Metis is actively urging all liquidity providers on PancakeSwap, the popular decentralized exchange on the Binance Smart Chain, to withdraw their liquidity immediately. By taking this precautionary action, liquidity providers can safeguard their assets and minimize any potential risks associated with the ongoing situation. Metis places the utmost priority on protecting user funds and maintaining a secure ecosystem where users can trust and engage with the platform without concerns.
The Poly Network attack, which shook the cryptocurrency community and garnered widespread attention on July 3rd, exploited vulnerabilities across multiple blockchain networks, leading to the unauthorized transfer and issuance of over ten different assets, totaling an astonishing $34 billion. In response to this unprecedented attack, Metis has demonstrated its unwavering commitment to safeguarding the interests of its users and proactively addressing security concerns head-on.
Metis’ prompt response and comprehensive measures highlight the platform’s dedication to maintaining a secure environment for its users. By taking snapshots of METIS holdings during critical periods, invalidating purchases from identified addresses, and advising against interacting with the current token contract on the BNB Chain, Metis aims to mitigate any potential risks to its users. Furthermore, their call for liquidity providers to withdraw their assets from PancakeSwap underscores their commitment to prioritizing user protection and maintaining a safe ecosystem.
As the cryptocurrency landscape continues to evolve, incidents like the Poly Network attack serve as a reminder of the importance of robust security measures. Metis’ proactive approach in the face of this security breach sets a precedent for other platforms, highlighting the need for swift action and transparent communication to protect user assets and maintain trust in the crypto space.