Biggest DeFi Hack? PolyNetwork Exploited for $600M in ETH, BNB, and USDC
The interoperability protocol PolyNetwork has been exploited on Binance Smart Chain, Polygon, and Ethereum. The perpetrators have set a record within the decentralized finance space by swiping more than $600 million from at least three wallet addresses.
- Earlier on August 10th, PolyNetwork announced on its Twitter account that it had experienced a security breach.
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: 0xC8a65Fadf0e0dDAf421F28FEAb69Bf6E2E589963
BSC: 0x0D6e286A7cfD25E0c01fEe9756765D8033B32C71— Poly Network (@PolyNetwork2) August 10, 2021
- The team behind the project indicated that assets stored on Binance Smart Chain, Ethereum, and Polygon had been transferred to other addresses belonging to the hackers.
- The ETH address, which has already been reported to be involved in the hack, currently contains 2,858 ETH tokens with a value of $266,5 million.
- The Binance Smart Chain wallet has more than 6,610 BNB tokens. The value in USD terms represents just a bit over $252 million.
- Lastly, the Polygon address shows $85 million. Ultimately, the total amount stolen exceeds $600 million as of writing these lines.
- PolyNetwork also urged cryptocurrency exchanges to blacklist any tokens coming from these addresses.
- Additionally, the team promised to “take legal actions” and asked the hackers to return the stolen funds.
