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    Home » Plexus Hack Exposes Vulnerability of Native Token PLX Ownership
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    Plexus Hack Exposes Vulnerability of Native Token PLX Ownership

    By adminJun. 2, 2024No Comments2 Mins Read
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    Plexus Hack Exposes Vulnerability of Native Token PLX Ownership
    Plexus Hack Exposes Vulnerability of Native Token PLX Ownership
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    PLEXUS, a renowned platform for cross-chain bridge aggregation, has recently experienced a startling incident. According to reports, the company has encountered a breach in the token ownership of its native coin PLX, with the cause of this event still unknown. Taking to their X account, the platform disclosed the news of the attack.

    At present, the token ownership of PLX has been compromised. Efforts are underway to determine the cause, and users are advised against making additional purchases on Bitget and Uniswap. Once the situation is understood and managed, guidance will be provided on reissuing and exchanging…

    — PLEXUS | We’re Hiring! (@plexus_fi)
    June 1, 2024

    PLEXUS Experiences Breach in Ownership of Native Token

    In a recent X post, the company shared that their team is vigorously investigating potential causes of the breach. Users are urged to refrain from further transactions on Uniswap and Bitget. The company has assured the community that detailed information regarding the incident will be shared, as efforts continue to comprehend the situation.

    Upon understanding the breach, the company plans to offer guidance on the exchange and reissuance of tokens. Despite the inconvenience caused to users, the platform extends its apologies and gratitude for their patience. Addressing concerns about the PLX token, the platform is providing guidance to users in light of the hack.

    Platform Advises Against Purchasing Additional PLX Tokens

    Users are advised against acquiring more PLX tokens from the market. Meanwhile, the company is devising a plan for the reissuance and exchange of coins. As a precautionary measure, the company has reached out to the Bitget team, requesting a halt in trading. Further updates will be announced once the situation is resolved.

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