DeFi News

How hackers stole $600000000 in crypto tokens from Poly Network

Poly Network Operates on Binance Smart Chain, Ethereum, y Polygon Blockchains ve Polygon Smart Contract

Tokens Swap between Blockchains using Smart Contract

One of the smart contracts used for token swap between blockchains maintains large amounts of liquidity for users to efficiently swap tokens, according to crypto intelligence firm CipherTrace.

Preliminary Investigation Finds Hackers Exploited Vulnerability in Smart Contract

A preliminary investigation by crypto intelligence firm CipherTrace found that hackers exploited a vulnerability in this smart contract, which allowed them to divert funds to three wallet addresses.

Hackers Stole Funds in Over 12 Cryptocurrencies

The hackers stole funds in over 12 different cryptocurrencies, including ether and a type of bitcoin, according to blockchain forensics company Chainalysis.

Initial Attempts to Transfer Funds

The hackers initially tried to transfer some assets from one of the wallets into liquidity pool Curve.fi, but the transfer was rejected.

Return of Stolen Funds

By Thursday morning, the hackers had returned $342 million worth of tokens to Poly Network, with $268 million stolen from the Ethereum chain outstanding.

Current Status

Poly Network is still communicating with the hackers, who are gradually transferring back the remaining assets.

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