Auteur
geemong
12 Aug 2021 - 10:06:36
215 Posts
Hackers steal $600m in major cryptocurrency heist


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Hackers have stolen some $600m (£433m) in what appears to be one the largest cryptocurrency heists ever.

Blockchain site Poly Network said hackers had exploited a vulnerability in its system and taken thousands of digital tokens such as Ether.

In a letter posted on Twitter, it urged the thieves to "establish communication and return the hacked assets".

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Hours after the hack, the attacker started returning the funds - first in small amounts and then in millions.

They started sending back small transfers totalling a few dollars to the online wallets controlled by Poly - but then began making much
larger deposits, totalling hundreds of millions.

In scale, the hack is on par with huge recent breaches at exchanges such as Coincheck and Mt Gox.


'Biggest in history'
In its letter Poly Network said: "The amount of money you have hacked is one of the biggest in defi [decentralised finance] history.

"Law enforcement in any country will regard this as a major economic crime and you will be pursued.

"The money you stole are sic from tens of thousands of crypto community members, hence the people."

Poly Network said a preliminary investigation found a hacker exploited a "vulnerability between contract calls".

It urged various exchanges to block deposits of the coins, after millions of dollars in tokens were transferred to separate cryptocurrency
wallets.

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