Cryptocurrency Robbery: Poly Network Says Hackers Stole A Record $600 Million.
Poly Network appeals to merchants to refuse stolen digital tokens.
A company specializing in cryptocurrency transfers said on Tuesday that hackers breached its security and stole a record $600 million (approximately Rs 44.65 crore) in potential value. Rejected by merchants who operate “wallets” to store cryptocurrency. “The amount he hacked was the largest in defi history,” Poly Network said in a tweet to the thief, referring to decentralized finance involving cryptocurrencies.
“The money he stole came from tens of thousands of members of the encryption community.”
Poly Network threatened the police to intervene, but it also provided hackers with an opportunity to “find a solution.”
The US Department of Justice and the FBI did not immediately respond to requests for comment.
“We are sorry to report that #PolyNetwork was assaulted” and resources moved to programmer controlled records, the organization said in a progression of tweets.
Poly Network posted online addresses utilized by the programmers, and approached “diggers of influenced blockchain and crypto trades to boycott tokens” coming from them.
Poly Network didn’t answer to demand for input, however Twitter clients made an appearance with estimations esteeming the programmers’ take at some $600 million (generally Rs. 4,465 crores).
As of the finish of April, digital currency robberies, hacks, and extortion so far this year added up to $432 million (generally Rs. 3,210 crores), as indicated by an investigation by CipherTrace.
“While this number might have all the earmarks of being little when contrasted with earlier years, a more profound look uncovers a disturbing recent fad – DeFi-related hacks presently make up in excess of 60% of the all out hack and robbery volume,” CipherTrace said in a posted report.
That looks at to 2019, when defi hacks were essentially non-existent, as per CipherTrace.
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