Hackers Steal over $600 Million in One of the Biggest Crypto-Heists Ever
August 16, 2021 | District of Columbia
Hackers stole over $600 million in digital assets Tuesday from users of cryptocurrency platform Poly Network in one of the largest digital token heists ever.
Poly Network, a decentralized finance (DeFi) platform that allows users to trade digital currencies with one another, announced the hack Tuesday. Cybersecurity firm SlowMist, which investigated the hack, said the total value of assets stolen was $610 million.
Hackers stole $267 million of Ethereum tokens, $252 million of Binance coins, and $85 million of USD coins, according to Forbes. The hack may be the largest in cryptocurrency history, according to Reuters, surpassing the $530 million stolen from Japanese exchange Coincheck in 2018.
Poly Network said it would take legal action and urged the return of the stolen assets in an open letter addressed to the hackers… (Excerpts from the Virginia Star and Daily Caller)
