Hackers Drain 13 Million from Vulnerable Polygon MIP-12 Protocol

Researchers identify vulnerabilities in Polygon's MIP-12 protocol to drain assets. According to a report, hackers exploited these defects to drain $1.3 million in January 2026. Polygon released an emergency fix (EIP-7702) the following day. Halborn analysts attribute the breach to lack of input validation and rate limiting measures.