Crypto lender Polter Finance halts operations after $12M hack

Polter Finance has suffered a $12 million flash loan hack, with the platform investigating stolen funds linked to Binance wallets and offering impunity to the attacker.

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Polter Finance, a decentralized non-custodial lending and borrowing platform, paused its operations and involved law enforcement after a hack reportedly drained its total value locked (TVL) of $12 million.

On Nov. 17, Polter Finance paused its platform after identifying an exploit and notified investors on X. The protocol investigated the stolen funds and traced them back to wallets on the crypto exchange Binance. 

Source: Polter Finance

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