PolyNetwork Exploitation and $600 Million Crypto Heist
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Answer PolyNetwork Exploitation and $600 Million Crypto Heist
The developers of the PolyNetwork platform have revealed that the multi-network interoperability protocol has fallen victim to exploitation today, resulting in the loss of about $600 million in various cryptocurrencies.
The theft was reported by the official account of “PolyNetwork”, on Twitter, and it was as follows:
We are sorry to announce that #PolyNetwork has been attacked on BinanceChainethereum and 0xPolygon.
The developers also stated on the “Poly Network” channel on Telegram:
We call on miners in blockchain networks affected by the exploitation and users of trading platforms to blacklist the addresses of the stolen cryptocurrency.
In the tweet below are the addresses that stole the cryptocurrency and should be blacklisted.
Read:Why are alternative cryptocurrencies dropping while bitcoin is rising?
Important note:
We are sorry to announce that #PolyNetwork was attacked in Tweet embed Tweet embed And the @0xPolygon The assets have been moved to the following hackers’ addresses:
Ethereum: 0xC8a65Fadf0e0dDAf421F28FEAb69Bf6E2E589963
BSC: 0x0D6e286A7cfD25E0c01fEe9756765D8033B32C71– Poly Network (@PolyNetwork2) August 10, 2021
According to advertiseThere are currently three known addresses allegedly belonging to the attackers, and according to the same ad, the stolen cryptocurrency included:
- Ethereum (the amount stolen equals $264.8 million).
- The stolen cryptocurrency from the Binance Smart Chain (worth $250.8 million).
- and “Polygon” (stolen cryptocurrency equivalent to $85 million).
As such, this could be the largest cryptocurrency hack to date.
The previous record was held by the cryptocurrency exchange Coincheck, which lost about $530 million to a hack in January 2018.
Since PolyNetwork is a protocol that accepts interoperability, other projects may also be affected by the use of PolyNetwork.
According to the PolyNetwork website, there are dozens of other crypto projects that integrate with it.
Anyway, more details and data will appear on the subject, and we will provide you with them in upcoming articles on Arab Bitcoin.
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