MATIC- Attack on network component but exchange outflows high, here’s why

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Polygon’s MATIC token concluded the month of June with a 30% bearish correction. The token has kicked off July with the same bearish energy and may potentially seek more downside due to a network attack.The Polygon network’s latest update on 1 July revealed that its public RPC gateway offered by Ankr experienced a DNS hijack.

The attack reportedly compromised control over some services on the Polygon network. One of the latest updates confirmed that the Polygon PoS network was not affected by the attack.<p lang=«en» dir=«ltr» xml:lang=«en»>Ankr is currently working to restore its Polygon RPC’s domain functionality that cannot be accessed.

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