Significant USDC Outflow from Coinbase Commerce on Polygon

12/10/2024 1:58:44 PM

According to ZachXBT, on April 21, 2024, a Coinbase Commerce contract experienced a significant outflow of over 1700 USDC transactions totaling $15.97 million on the Polygon network. The transactions were linked to attackers using the addresses 0x07c77559b37a5cde66267a3b5451200fdc312078 and 0x58e838b7fbfe27397517fbe70b1c92d941aace4d. The affected contract address is 0x551c6791c2f01c3cd48cd35291ac4339f206430d. This incident may impact the trust and security perceptions of Coinbase Commerce's operations on Polygon. (Source)

USDC Polygon ZachXBT Coinbase Commerce

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