Daily Current Affairs Quiz 14 August 2021

Which of the following statements is/are correct with reference to the Poly Network?

Which of the following statements is/are correct with reference to the Poly Network?

A. It is a decentralized finance (DeFi) platform that facilitates peer-to-peer transactions with a focus on allowing users to transfer or swap tokens across different blockchains.

B. Poly Network was launched by the founders of Chinese blockchain project Neo.

C. Both A & B

D. None of these

Explanation:

Hackers recently pulled off the biggest ever cryptocurrency heist, stealing $613 million in digital coins from token-swapping platform Poly Network, only to return $342 million worth of tokens less than 24 hours later. Poly Network is a decentralized finance (DeFi) platform that facilitates peer-to-peer transactions with a focus on allowing users to transfer or swap tokens across different blockchains. Poly Network was launched by the founders of Chinese blockchain project

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