Hackers Steal $611M From DeFi Protocol Poly Network

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A group of unknown hackers hacked yesterday the Internet protocol Poly Network and stole $611 million in several cryptocurrencies. The project team urged the exchanges to block the stolen funds:

“Important Notice: We are sorry to announce that #PolyNetwork was attacked on @BinanceChain @ethereum and @0xPolygon Assets had been transferred to hacker’s following addresses: ETH: 0xC8a65Fadf0e0dDAf421F28FEAb69Bf6E2E589963 BSC: 0x0D6e286A7cfD25E0c01fEe9756765D8033B32C71″

Attackers have reportedly stolen $273 million from the Ethereum network, $253 million from the Binance Smart Chain, and $85 million from USDC in the attack to the Polygon network. Funds in tokens WBTC, WETH, RenBTC, DAI, UNI, SHIB, FEI and others were affected.

We must take into consideration this is the largest attack in the history of the DeFi sector.

Tether has blacklisted the USDTs (valued at around $33M) on the Ethereum network that were stolen as part of the attack.

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