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Definition: Poly Network


An exchange platform that implements interoperability between Bitcoin, Ethereum, Binance Smart Chain, Neo, Ontology and other blockchains. Poly also integrated with the Polygon Layer 2 framework.

A Peculiar Heist in 2021
In August 2021, more than $600 million was stolen from the Poly network, amounting to the largest decentralized finance (DeFi) hack ever. Within 24 hours, more than a third of the money was returned, and the hacker asked for donations for exposing Poly's vulnerability. See Layer 2 blockchain and Polygon.