Hackers steal more than $600m in Ethereum and other Cryptocurrencies


Hackers steal more than $600m in Ethereum and other Cryptocurrencies: Hackers were able to breach the blockchain-based platform Poly Network and extracted more than $600 million in cryptocurrencies on Tuesday, the company announced on Twitter, marking the biggest hack ever in the decentralized finance space that’s heating up among investors. About $267million of Ether currency has been taken, $252m of Binance coins and roughly $85 million in USDC tokens. Poly tweeted, disclosing that hackers had transferred hundreds of millions of dollars to separate cryptocurrency wallets.

 

Tether froze more than $30 million in response to the hack; Tether Chief Technology Officer Paul Adroino tweeted.

 

Poly Network is a cross-chain protocol for swapping tokens across various blockchains. The founder of Chinese blockchain project Neo launched Poly Network in partnership with Ontology and Switcheo. Poly Network has asked digital asset exchanges and miners to block any tokens coming from the above addresses. The team behind the protocol also promised legal action and requested that hackers return stolen assets....Read  More

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