Crypto Holders Panic as Hackers Steal $600 Million Cryptocurrency from Poly Network
Hackers have stolen $611 million worth of cryptocurrency in one of the world’s biggest crypto heist
The cryptocurrencies were stolen from Blockchain site Poly Network after the hackers took advantage of a weakness in their system
$267m worth of Ethereum, $252m worth of Binance coin and $85 worth of USDC were stolen and transferred to various wallets
Hackers have managed to steal over $600 million worth of cryptocurrency in one of the world’s largest crypto theft.
The digital assets were stolen after an attack on Blockchain site Poly Network.
The network revealed that the attackers exploited a weakness in its statement and took thousands of various kinds of cryptocurrencies.
The company made a post on Twitter where the thieves were urged to communicate and return the stolen digital tokens.
Content of the post on Twitter can be seen below
“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.”
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Poly Network has urged other crypto exchanges to block the deposits of these coins after they were transferred to different cryptocurrency wallets.
According to their report, $267m worth of Ethereum, $252m of Binance coins, and $85 million worth of USDC were stolen during the hack.
This crypto theft ranks among the biggest of all time alongside others like the attack on Mt Gox and Coincheck.