Huma Finance reports $101K exploit of deprecated V1 contracts on Polygon

Galaxy Digital and SharpLink have launched the Galaxy SharpLink Onchain Yield Fund with $125 million to deploy into DeFi protocols. Galaxy Digital and SharpLink announced a non-binding agreement on May 11 to launch the Galaxy Sharplink Onchain Yield Fund, a…

The post Huma Finance exploit Polygon: $101,000 loss from V1 pools appeared on BitcoinEthereumNews.com. A Huma Finance exploit Polygon incident has put a familiar DeFi problem back in the spotlight: old contracts can stay dangerous long after a protocol has moved on. Huma Finance said roughly $101,000 was drained from its deprecated V1 BaseCreditPool contracts on Polygon on May 11, but user deposits were not affected. The attacker pulled out 82,316 USDC and 19,075 USDC.e through unauthorized drawdowns, according to the protocol’s disclosure. Just as important for users, Huma said the losses were limited to pool owner fees and protocol fees, not customer funds. That distinction matters. In crypto, the words “exploit” and “drained” can quickly trigger fears of wider contagion. Here, Huma drew a sharp line between the older Polygon-based system that was hit and the parts of the project still running normally, including PayFi Strategy Token (PST) and Huma’s V2 deployment on Solana. Huma Fi

A logic bug in Huma’s legacy V1 Polygon credit pools let an attacker drain about $101,400 in USDC, but its Solana‑based PayFi V2 and PST token remain structurally unaffected. Huma Finance has disclosed that its legacy V1 contracts on Polygon…

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Jio's IPO could significantly impact blockchain adoption, potentially boosting Polygon and Aptos through increased on-chain activity. The post Reliance Industries plans all-new share offering in Jio Platforms IPO worth up to $4.3 billion appeared first on Crypto Briefing.

Early reports framed the incident as a 1inch exploit, but the protocol clarified that it was not compromised and no user funds were affected.

Blockchain security firm Blockaid linked the exploit to the same operator behind the March 2025 1inch Fusion V1 incident, though it stems from a different vulnerability.

The Polygon wallet now offers a "Privately Send" option that hides sender, receiver, and amount onchain, with KYT screening built into every transfer.