On August 10th, 2021, the Poly Network cross-chain network experienced an attack that affected Binance Smart Chain, Ethereum, and Polygon.
Poly Network is the cross-chain bridge that facilitates the migration of tokens from Neo Legacy to Neo N3. After becoming aware of the attack, we immediately paused the migration.
We would like to deeply apologize for any inconvenience this may have caused token holders wishing to participate in the Early Bird migration.
The Neo team is closely monitoring Poly Network’s progress and would like to clarify a few points for the Neo community.
- Neither Neo Legacy nor Neo N3 was affected by the incident. All NEO, GAS, and NEP-5 assets are safe.
- All wrapped assets on Neo and their underlying original assets on Ethereum are all safe. Any assets that are currently locked in Flamincome are also safe and unaffected by the attack.
- Token holders will be able to use Poly Bridge to manage their assets again after Poly Network has updated its contracts.
The Neo community is currently assessing the Poly Network exploits and will decide how to proceed with the Neo Legacy to Neo N3 migration. We will make an announcement regarding the decision as soon as possible, but only after careful evaluation.
Your asset safety is one of our highest priorities. Rest assured, the migration will only be restarted when we have absolute confidence that it can be completed in a safe and uninterrupted manner.
