In what could be one of the greatest cryptocurrency thefts ever, a hacker allegedly exploited a flaw to steal $600 million from a blockchain finance platform.
On Tuesday, the creators of Poly Network, a “DeFi” or decentralized finance platform that works across blockchains, announced that an attacker had stolen over $600 million in cryptocurrency.
The team behind Poly Network appealed to the hackers to “return the hacked assets”.
“The sum of money you stole is the largest in Defi history. Any country’s law enforcement will view this as a big economic crime, and you will be pursued.
Any more transactions would be extremely risky for you. The money was stolen from tens of thousands of members of the crypto community, therefore the individuals. You should speak with us to come up with a solution “According to the Poly Network staff.
For Bitcoin, Ethereum, Neo, Ontology, Elrond, Ziliqa, Binance Smart Chain, Switcheo, and Huobi ECO Chain, Poly Network works across blockchains.
The assets were transferred to three different places, according to Poly Network.
The team begged with miners of affected blockchains and crypto exchanges to blacklist tokens coming from the above addresses.
And it looks that at least some of the money has been refunded. “You are moving things in the correct path,” Poly Network remarked on Twitter, adding that it has received more than $1 million back.
It appeared again a short time later, this time with the following message: “We’ve received a total of $4,772,297.675 in assets from the hacker thus far. $1,107,870.815 Polygon address: $1,009,480.809 ETH address: $2,654,946.051 BSC address: $1,107,870.815”
“The hacker exploited a vulnerability between contract calls,” according to Poly Network. “The exploit was not created by the single keeper as rumored.”
According to MarketWatch of the Wall Street Journal, Tether’s CTO, Paolo Ardoino, stated the business froze $33 million in tokens lost in the Poly Network attack.
About $267 million in Ether, $252 million in Binance coins, and $85 million in USDC tokens were stolen by the hackers.
On Twitter, Binance CEO Changpeng Zhao “CZ” said that the company was aware of the Poly Network attack but that there was little the company could do about it.
“While no one has control over BSC (or ETH), we are working with all of our security partners to provide proactive assistance. There are no assurances in this world. We’ll do everything we can “he penned
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