Metis Safeguards METIS Holdings in Response to Poly Network Attack

Metis safeguards METIS holdings on the BNB Chain in response to the recent Poly Network attack, demonstrating proactive security measures

ugur05/07/20231 Mins read853

Metis Safeguards Metis Holdings On The Bnb Chain In Response To The Recent Poly Network Attack, Demonstrating Proactive Security Measures

In the wake of the recent Poly Network attack, Metis, a prominent Web3 platform, has taken proactive steps to safeguard METIS holdings on the BNB Chain.

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Metis Safeguards METIS Holdings in Response to Poly Network Attack

The platform has taken snapshots of METIS holding addresses during two critical periods to protect user assets and ensure transparency.

New Contract Deployment: A Step Towards Enhanced Security

Metis advises users against interacting with the current token contract on the BNB Chain.

Instead, the platform plans to deploy a new contract to address any vulnerabilities. This measure is part of Metis’s commitment to maintaining the trust and confidence of its community.

Liquidity Providers: A Call for Withdrawal from Pancake Swap

Metis urges liquidity providers to withdraw all liquidity from Pancake Swap. This step is intended to safeguard their assets and minimize potential risks associated with the ongoing situation.

The protection of user funds and the maintenance of a secure ecosystem are top priorities for the platform.

The Poly Network Attack: A Test of Resilience

The Poly Network attack, which resulted in the issuance of more than ten different assets worth a staggering $34 billion, tested the resilience of many platforms.

Metis’s swift response to the attack demonstrates its commitment to safeguarding the interests of its users and actively addressing security concerns.

Metis’s Ongoing Efforts: Ensuring Long-Term Stability

Metis 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, Metis aims to mitigate any potential risks and ensure the long-term stability of its ecosystem.

About Metis

Metis is a pioneering Web3 platform that is making significant strides in the blockchain industry. It is designed to empower businesses, developers, and creators by providing them with the tools they need to easily build and manage decentralized companies and applications.

By leveraging the power of decentralized autonomous companies (DACs), Metis aims to create a new organizational paradigm that is transparent, efficient, and robust.

Sources:coincu