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Polygon News Today
Every Polygon story we summarized, newest first.
2 Polygon stories in the last 7 days
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Polygon Quietly Patched Security Flaws in Two Hard Forks Before Disclosing Them
The Austin and Kyoto hard forks, deployed quietly on the Bor and Heimdall clients before public disclosure, closed denial-of-service and consensus-hardening flaws that Polygon says were never exploited.
Polygon discloses security flaws fixed in recent hard forks
The vulnerabilities posed denial-of-service and validator resource risks but were patched before Polygon publicly disclosed them.
Bitwise cuts 14% of staff while still expecting growth
Bitwise is cutting 14% of its staff, joining a string of crypto companies including Coinbase, BitGo, Robinhood, Polygon, and Pump.fun, who have announced workforce reductions this year, driven by shifting market forces and the need to adapt to emerging technologies like AI, as the industry navigates a period of consolidation and growth.
Polygon CEO announces job cuts amid Coinme acquisition
Polygon CEO announces job cuts as the company transitions operations to payments following its $250 million acquisition of Coinme and Sequence in January. Approximately, the layoffs are part of a larger restructuring effort aimed at streamlining the organization and maximizing efficiency. This move is expected to impact the broader crypto industry's operational costs.
Polygon Labs announces second round of layoffs in 2026 as firm looks to finalize Coinme acquisition
Polygon Labs is announcing its second round of layoffs in 2026, just months after the first round, as the firm looks to finalize its acquisition of Coinme. CEO Marc Boiron acknowledges the challenges, stating that two rounds of changes in one year is a lot to ask of a team, impacting team morale and retention.
Stripe-PayPal deal could accelerate shift to blockchain-based money, Polygon exec says
Stripe's potential deal with PayPal could accelerate the shift to blockchain-based money, according to Polygon Labs, with a Polygon exec predicting that within the next few years, the majority of money will live and move on blockchain in one form or another, potentially disrupting traditional payment systems and increasing adoption of decentralized finance.
PayPal seeks to increase use of PYUSD stablecoin with native issuance on Polygon
PayPal is expanding the use of its PYUSD stablecoin by issuing it natively on Polygon, in addition to making it available through Polygon's Open Money Stack. This move aims to increase adoption and accessibility of the stablecoin.
Upheaval at the Ethereum Foundation has some of crypto’s biggest names feeling bullish
Ethereum's eventful week unfolds with the launch of EthLabs, a decentralized development platform, and layoffs at the Ethereum Foundation, reportedly affecting 20% of staff. Industry insiders, including Binance CEO Changpeng Zhao and Polygon co-founder Sandeep Nailwal, express optimism about the changes, citing potential for increased innovation and decentralization, which could boost Ethereum's adoption and price.
Cash App lets users send USDC stablecoins on chains like Solana and Ethereum
Cash App is expanding its stablecoin transfer capabilities, allowing users to send USDC on Solana, Ethereum, Polygon, and Arbitrum chains. This move caters to users seeking broader options, but Miles Suter emphasizes the firm's bitcoin-centric focus. The integration aims to enhance user experience, potentially driving adoption of alternative chains and further diversifying the digital asset market's user base.
Polymarket probes suspected private key compromise of internal top-up wallet on Polygon
Polymarket is investigating a suspected private key compromise of an internal top-up wallet on Polygon, with initial findings suggesting a possible breach. The compromised wallet is reportedly valued at a significant amount, though the exact figure remains undisclosed.
ZachXBT flags $520K Polymarket exploit on Polygon, team says funds are safe
ZachXBT flags a suspected $520K security breach on Polygon involving Polymarket, the world's largest decentralized prediction market platform. The exploit allegedly occurred on the Polygon network, but Polymarket's team claims that user funds are safe, citing their robust security measures and insurance coverage to protect against such incidents, maintaining market confidence.
Deploi Launches Direct Issuance Infrastructure for Private Credit on Polygon, Secures ISIN Allocations from Nasdaq CSD
Deploi is launching direct issuance infrastructure for private credit on Polygon, securing ISIN allocations from Nasdaq CSD. A EUR 1 billion note programme is planned for 2026, following completion of the global issuance infrastructure by the end of Q3 2026.