Group behind Poly Network, a cross-chain protocol used for DeFi applications, says a hacker has stolen $611M; one researcher blames the attack on a crypto flaw
Quick Take — Cross-chain protocol Poly Network has been hacked for $611 million. — The team behind the protocol …
The Block Tim Copeland
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Discussion
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@polynetwork2
@polynetwork2
on x
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: 0xC8a65Fadf0e0dDAf421F28FEAb69Bf6E2E589 963 BSC: 0x0D6e286A7cfD25E0c01fEe9756765D8033B32 C71
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@polynetwork2
@polynetwork2
on x
Dear Hacker, We are the Poly Network team. We want to establish communication with you and urge you to return the hacked assets. The amount of money you hacked is the biggest one in the defi history. Law enforcement in any country will regard this as a major economic crime and yo…
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@paoloardoino
Paolo Ardoino
on x
. @Tether_to just froze ~33M $USDt on 0xC8a65Fadf0e0dDAf421F28FEAb69Bf6E2E589 963 as part of the #PolyNetwork hack https://twitter.com/...
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@polynetwork2
@polynetwork2
on x
After preliminary investigation, we located the cause of the vulnerability. The hacker exploited a vulnerability between contract calls, exploit was not caused by the single keeper as rumored.
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@polynetwork2
@polynetwork2
on x
https://twitter.com/...
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@wublockchain
Wu Blockchain
on x
Binance and circle need to explain why the 3m BUSD and 26m USDC stolen by hackers are not frozen. This case of the largest amount of money in DeFi history may have a great impact on confidence and supervision. @circlepay @jerallaire @binance https://twitter.com/...
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@o3_labs
@o3_labs
on x
This hacker might yet be of the white hat variety. Let's see. https://twitter.com/...
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@gaborgurbacs
Gabor Gurbacs
on x
While the the general public doesn't talk about this, Tether and many crypto exchanges help stop and deter bad actors. This was extremely fast reaction time to the DeFi hack and will likely give a chance to law enforcement and help identify the hacker. https://twitter.com/...
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@rleshner
Robert Leshner
on x
This is a tragic learning opportunity. Please stay safe, and remember that new protocols and systems are the most likely to have undiscovered attack vectors. https://twitter.com/...
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@thegrugq
Thaddeus E. Grugq
on x
This is basically the same approach the US uses against Russia and China https://twitter.com/...
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@fart
@fart
on x
crypo is the future or whatecer https://twitter.com/...
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@alexisgoldstein
Alexis Goldstein
on x
One day after the DeFi industry said they shouldn't be subject to tax enforcement (& reporting) — a DeFi platform gets hacked and tells the hacker law enforcement will go after them https://twitter.com/... https://twitter.com/... https://twitter.com/...
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@zittrain
Jonathan Zittrain
on x
No big deal, just ~USD$600 million stolen this morning in a hack of a decentralized finance network. Below is a plea to return it. Because blockchains are blockchains, everyone can “see” the ill-gotten gains sitting in the hackers' wallets. https://twitter.com/...
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@bakkupbradley
@bakkupbradley
on x
This is why we need to be a highly regulated space. Yes, the libertarian is screaming inside me too, but not as loud as the voices of those who just lost $600 million in crypto. #CryptoRegs https://www.coindesk.com/...
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@vivek4real_
Vivek
on x
It's just sad. This is the reality of whole crypto industry which sells the illusion of decentralization. https://twitter.com/...
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@zemariamacedo
@zemariamacedo
on x
While this is an example of the power being used for good, its also a stark reminder that the largest stablecoins by market cap ($USDC/$USDT) are entirely and arbitrarily censorable This is the $LUNA thesis in a nutshell https://twitter.com/...
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@chrisblec
Chris Blec
on x
Quick reminder that USDT, USDC, and all centralized stablecoins can freeze/blacklist any address, at any time, for any reason. https://twitter.com/...
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@ncweaver
Nicholas Weaver
on x
Congratulations, you just proved you can implement KYC/AML controls on Tether wallets. This really means you are not “Liberty Reserve but with Blockchain” but outright Liberty Reserve. https://twitter.com/...
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@polynetwork2
@polynetwork2
on x
We will take legal actions and we urge the hackers to return the assets.
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@polynetwork2
@polynetwork2
on x
Polygon: 0x5dc3603C9D42Ff184153a8a9094a73d461663 214 We call on miners of affected blockchain and crypto exchanges to blacklist tokens coming from the above addresses. @binance @HuobiGlobal @OKEx @CoinbasePro
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@polynetwork2
@polynetwork2
on x
So far, we have received a total value of $4,772,297.675 assets returned by the hacker. ETH address: $2,654,946.051 BSC address: $1,107,870.815 Polygon address: $1,009,480.809 https://twitter.com/...
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@sniko_
Harry.Eth
on x
Hacker: “FAILED TO CONTACT THE POLY. I NEED A SECURED MULTISIG WALLET FROM YOU” 0x79245fb1d1ae48a214118e25d6ad2f9324f51 4ec6708135a19ba9d4cfa6344f6 Looks like intentions are to return everything? https://twitter.com/...
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@sniko_
Harry.Eth
on x
Hacker: “READY TO RETURN THE FUND!” 0x7b6009ea08c868d7c5c336bf1bc30c33b87a0 eedd59dac8c26e6a8551b20b68a https://twitter.com/...
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@sniko_
Harry.Eth
on x
Hacker: “IT'S ALREADY A LEGEND TO WIN SO MUCH FORTUNE. IT WILL BE AN ETERNAL LEGEND TO SAVE THE WORLD. I MADE THE DECISION, NO MORE DAO” 0xd239b01026c49b234d075e3d23a07efd1c323 4239cfb440c0f90d5e84836fbe2 https://twitter.com/...
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@oscarwgrut
Oscar Williams-Grut
on x
Around $2m has been returned so far, including one transaction with the embedded message: “READY TO RETURN THE FUND!”
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@noelleinmadrid
Noelle Acheson
on x
This is an extraordinary story - the biggest DeFi hack in history, forensics manages to track the perpetrator, the perpetrator voluntarily returns the funds... all this happening in public. Has anything like this ever happened in traditional markets? https://www.theblockcrypto.co…