Cryptocurrencies
HACKERS stole $600 million in a daring cryptocurrency heist after spotting a blockchain vulnerability, blockchain interoperability company, Poly Network has disclosed.
The cybercriminals exploited a vulnerability in Poly Network, a platform that looks to connect different blockchains so that they can work together in what is regarded as one of the biggest ever cryptocurrency thefts.
A blockchain is where encrypted data can be supposedly transferred securely, making it nearly impossible to duplicate or counterfeit.
The site said the hackers took thousands of digital tokens such as Ether.
“The amount of money you hacked is the biggest one in the defi history,” Poly Network said in a tweeted message to the thieves, using a reference to decentralised finance involving cryptocurrency.
The platform added that the money was stolen from “tens of thousands of crypto community members”.
Poly Network threatened police involvement, but also pleaded with the hackers to “work out a solution”.
The site said an initial probe investigation 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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