SAWT BEIRUT INTERNATIONAL

| 30 January 2023, Monday |

Hackers steal $600 million in major cryptocurrency heist

In one of the largest cryptocurrency heists, hackers have stolen some $600 million. Blockchain site Poly Network said hackers had exploited a vulnerability in its system and taken thousands of digital tokens such as Ether.

Poly Network urged thieves in a letter posted on Twitter to “establish communication and return the hacked assets”.

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

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.

About $267m of Ether currency has been taken, $252m of Binance coins and roughly $85 million in USDC tokens.

    Source:
  • BBC NEWS