This article has been indexed from Softpedia News / Security
In what is being referred to as one of the largest hacks in the digital asset business, threat actors stole $611 million in cryptocurrency from a blockchain-based banking network, according to The Hacker News.
Cross-chain decentralized finance (DeFi) platform Poly Network publicly reported that unknown threat actors exploited a flaw in the system and grabbed a large number of digital tokens, including Ether. The exploited weakness enabled hackers to steal a massive quantity of cryptocurrency and was related to contract calls.
The event is believed to be more serious than previous hacks at other cryptocurrency exchanges, like Mt. Gox and Coincheck. Security researchers at the company claim that the stolen funds were traded for MATIC, ETH, and other crypto coins, rather than remaining in their original form as Monero.
Poly Network’s team notes that “The amo…
Read the original article: Hackers Steal Over $600M Worth of Crypto from Poly Network