Hackers steal USD 600m in crypto from blockchain

Hackers steal USD 600m in crypto from blockchain

Blockchain site Poly Network has lost around USD 600 million in cryptocurrencies in what could be the largest crypto hack so far. The company on Twitter urges the hackers toestablish communication and return the hacked assets”. Later in the day, the hackers started returning millions to Poly’s digital wallets.

Poly said a preliminary investigation found a hacker exploited a “vulnerability between contract calls”. The company was reported to have confirmed offering the hackers a “bug bounty” of USD 500 000. The confirmation was made when the hackers had started returning the loot.

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

In a letter on Twitter, Poly wrote:


Poly Network says it is ”built to implement interoperability between multiple chains in order to build the next generation internet infrastructure.”

”Authorized homogeneous and heterogeneous public blockchains can connect to Poly Network through an open, transparent admission mechanism and communicate with other blockchains. Poly Network has already integrated Bitcoin, Ethereum, Neo, Ontology, Elrond, Ziliqa, Binance Smart Chain, Switcheo and Huobi ECO Chain.”



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