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BlockchainPlexus Hack Jeopardizes Control over Native Token $PLX

Plexus Hack Jeopardizes Control over Native Token $PLX

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PLEXUS, a renowned platform that aggregates cross-chain bridges, recently experienced a startling incident. According to the company, the ownership of its native coin PLX has been hacked, though the exact cause is still undetermined. Taking to its X account, the platform disclosed this attack.

At present, the ownership of PLX tokens has been compromised. We are diligently investigating the root cause and kindly request that you refrain from making any additional purchases on Bitget and Uniswap. Once we have a clear understanding of the situation and have organized it, we will provide guidance on reissuing and exchanging…

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

PLEXUS Experiences Hack on Native Token’s Ownership

In a recent X post, PLEXUS revealed that its team is actively working to identify the possible causes of the hack. Additionally, the company advised users to abstain from further purchases on Bitget and Uniswap. Furthermore, the company assured the community that it would furnish adequate information regarding the incident and emphasized its efforts to comprehend the situation.

Once the hack has been thoroughly understood, the company intends to provide proper guidance on token exchange and reissuance. However, acknowledging the inconvenience caused to users, the platform expressed its apologies and gratitude for their patience. The platform also proceeded to provide guidance to users regarding the PLX token, as the hack has raised concerns.

Platform Cautions Users Against Purchasing Additional PLX Tokens

Users were advised to refrain from acquiring more PLX tokens from the market. Meanwhile, the company is actively formulating a strategy for the reissuance and exchange of coins. In addition to this precaution, PLEXUS has reached out to the Bitget team, requesting a halt in trading. The company stated that further updates will be provided once the situation has been resolved.

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