Ethereum Layer 2 scaling resolution MetisDAO requested customers to refrain from buying its native token METIS on BNB Chain, and educated all liquidity companies to pull liquidity from PancakeSwap.

The protocol stated that a snapshot of particular person addresses keeping METIS at the time of the Poly Community exploit would possibly perchance well well be aged to uncover which purchases had been staunch.

“Addresses buying METIS on BNBChain after the time of the snapshot would possibly perchance well no longer be known,” stated the crew.

Earlier this week, Unchained reported that the spoiled-chain bridge Poly Community had fallen sufferer to an exploit on Sunday, where the hacker used to be in a feature to mint billions of tokens out of thin air. While an absence of liquidity made it extra difficult to promote a few of these coins, on-chain researchers from De.Fi stumbled on that the hacker managed to cash out $10 million to this point.

On Wednesday, analysts at Space On Chain stumbled on that the Poly Community exploiter had sent 8.88 million stolen METIS to four middle wallets after which swapped 5.62 million METIS to the BNB Chain, selling these tokens on decentralized exchange PancakeSwap. This ended in valuable sign arbitrage for METIS as a result of limited liquidity accessible.

Some customers took difficulty with MetisDAO for simplest warning them no longer to win tokens on BNB three days after the snapshot used to be taken.

“Why would it’s doubtless you’ll perchance well even procure gotten no longer stated this when the hack first came about. Now you’ve change into the architects of your possess downfall by making of us that bought tokens on bsc after the hack, nugatory. This can also deter contemporary and future investors from trusting you going forward,” wrote one particular person on Twitter.

The MetisDAO crew stated they had made a formal demand to the Poly Community crew to reimburse the METIS holders on BNB Chain that had been right now impacted by the exploit.