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Crypto Heist: Hackers Return $400m To Poly Network

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POLY Network says a total of $4,7772,297.675 has been returned by hackers who exploited its system and stole $600 million worth of cryptocurrency from its blockchain.

Prime Business Africa had reported that cybercriminals exploited a vulnerability in Poly Network, a platform that connects different blockchains to work together in what is regarded as one of the biggest ever cryptocurrency thefts.

According to a Twitter post by Poly Network, the recovered crypto are ETH address: $2,654,946.051, BSC address: $1,107,870.815, and Polygon address: $1,009,480.809.

A blockchain is where encrypted data can be supposedly transferred securely, making it nearly impossible to duplicate or counterfeit.

The hackers had taken thousands of digital tokens such as Ether.

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Poly Network had threatened police involvement, but also pleaded with the hackers to “work out a solution”.

The site said an initial probe found a hacker exploited a “vulnerability between contract calls”.

About $267m of Ether currency was taken, $252m of Binance coins and $85 million in USDC tokens were also stolen.

 

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