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Posted by Hackers on Wednesday, August 11, 2021 Under: Technical Analysis

Hackers have stolen some $600m (£433m) in what appears to be one the largest cryptocurrency heists ever.

a person using a laptop computer sitting on top of a keyboard© Getty Images

Blockchain site Poly Network said hackers had exploited a vulnerability in its system and taken thousands of digital tokens such as Ether.

In a letter posted on Twitter, it urged the thieves to "establish communication and return the hacked assets".

In scale, the hack on par with huge recent breaches at exchanges such as Coincheck and Mt Gox.

Video: Crypto, tech CEOs respond to potential crypto regulation (CNBC)

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Crypto, tech CEOs respond to potential crypto regulation

In its letter Poly Network said: "The amount of money you have hacked is one of the biggest in defi [decentralised finance] history.

"Law enforcement in any country will regard this as a major economic crime and you will be pursued.

"The money you stole are [sic] from tens of thousands of crypto community members, hence the people."

Poly Network urged various exchanges to block deposits of the coins, after millions of dollars in tokens were transferred to separate cryptocurrency wallets.

About $267m of Ether currency has been taken, $252m of Binance coins and roughly $85 million in USDC tokens.

In : Technical Analysis 


Tags: hackers have stolen some $600m (£433m) in what appears to be one the largest cryptocurrency heists ever. 


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