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Poly Network threatened the police to intervene, but it also provided hackers with an opportunity to “make a solution”
A company specializing in cryptocurrency transfers said on Tuesday that hackers broke its security and set a record transaction that could be worth $600 million.
The Poly Network requests traders who run “wallets” to store cryptocurrencies to avoid stolen Ethereum, BinanceChain, and OxPolygon tokens.
“The amount you were hacked is the largest in defi history,” Poly Network said in a tweet to thieves, referring to decentralized finance involving cryptocurrencies.
“The money you stole comes from tens of thousands of crypto community members.”
Poly Network threatened the police to intervene, but it also provided hackers with an opportunity to “make a solution.” The US Department of Justice and the FBI did not immediately respond to requests for comment.
The company stated in a series of tweets, “We regret to announce that #PolyNetwork has been attacked” and assets were transferred to accounts controlled by hackers. Poly Network published online addresses used by hackers and called on “miners of affected blockchain and cryptocurrency exchanges to blacklist tokens from them.”
Poly Network did not respond to AFP’s request for comment, but Twitter users weighed it and estimated that the hacker’s loss was about $600 million. According to CipherTrace’s analysis, as of the end of April, the total amount of cryptocurrency theft, hacking and fraud so far this year was US$432 million.
“Although this number seems small compared to previous years, deeper observation reveals a shocking new trend-DeFi-related hackers now account for more than 60% of the total number of hacks and thefts,” CipherTrace said. A post said about the report.
According to CipherTrace, in contrast, there were almost no defi hacking attacks in 2019.
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