Home Guides TEL Price Slumps as Telcoin Suffers Apparent Exploit Related to Polygon Wallet Implementation

TEL Price Slumps as Telcoin Suffers Apparent Exploit Related to Polygon Wallet Implementation

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TEL Price Slumps as Telcoin Suffers Apparent Exploit Related to Polygon Wallet Implementation

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Telcoin, which develops financial applications, such as trading and remittance tools, based on the Polygon blockchain for mobile-device users, froze its application in early Asian hours on Tuesday, developers said in an X post. In a follow-up post, they said the issue was related to how the application interacted with the Polygon blockchain and that no private keys or sensitive data were leaked.

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