Crypto Hack: Poly Network bridge hacked for $42 billion but there is not enough liquidity to allow the attacker to monetize

Bad news for the Poly Network bridge, which fell victim to a hack yesterday morning that resulted in a malicious party undermining as much as $44 billion in BUSD, BNB and SHIB. This was the second mishap for the platform in 2 years: in 2021 it had been hit by a theft the size of $600 million. While the amount of the hack is significantly larger in this case, the amount of crypto assets actually sold was far less, as the attacker was unable to monetize the funds due to the absence of liquidity on some blockchains. Let’s look at