After identifying a critical flaw in its Proof-of-Stake (POS) Genesis contract, the devs team at the polygon have launched an emergency update to fix the bug. Polygon’s network flaw was initially identified on December 3 and December 4 by two whitehat hackers from bug bounty hosting and blockchain security platform Immunefi.

Before it was fixed, the glitch in the network put over 9.27 billion MATIC at risk of being stolen. When converted to dollars, that total of funds at risk is equivalent to over $24 billion.

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