QuantNetwork specializes in providing compatible solutions connecting multiple protocols, blockchains or other distributed networks. It offers a set of services and products, including Overledger OS and Overledger Network, a decentralized "network of networks". Quant is used by developers to maintain the functionality of a DLT gateway called Overledger. For this reason, the service token is the main tool of the project. The gateway works on several smart contracts in the Ethereum chain. Together they are called Treasury "treasury".

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Quant

🚨 BIGGEST HACK IN CRYPTO – $34,000,000,000 EXPLOITED 🚨

Update: The breakdown of assets minted by the hacker on different chains is as follows:

- 99,999,184 BNB and 10 billion BUSD issued on Metis

- 999.8127T SHIB issued on Heco

- 87,579,118 COW and 999,998,434 OOE issued on Polygon

- 636,643,868 STACK and 88,640,563 GM issued on Polygon

- 2,175,053 03 issued on Polygon

- 378,028,371 STACK, 82,854,568 XTM, 11,026,341 SPAY, and 89,383,712 GM issued on Avalanche

- 8,882,911 METIS, 926,160,132 DOV, 978,102,855 SLD

Twitter

The industry needs to stop trusting insecure implementation of bridges.

Even the @swiftcommunity hack of 2016 only netted $81 million.

How can anyone rely on such insecure controls to hold and issue such vast amount of money. 

There are better ways for serious institutions to…