Categories: Tech

Hackers steal $600 million in biggest ever cryptocurrency heist

<p>
Crypto hackers have perpetrated the biggest heist ever of cryptocurrency to steal over a whopping $610 million worth of Ethereum, Binance Smart Chain, and USD Coin tokens from crypto platform Poly Network, blockchain security firm Slowmist disclosed on Twitter.</p>
<p>
Poly Network had announced the hack on Twitter along with the details of addresses to which the tokens were transferred and also asked the affected miners to blacklist tokens coming from those addresses.</p>
<p>
“The cross-chain interoperability protocol @PolyNetwork2 was attacked, and a total of more than 610 million US dollars were transferred to 3 addresses,” Slowmist said.</p>
<p>
But in an unusual twist, hackers who stole more than $600 million in tokens have apparently started sending back small amounts of the stolen funds, according to publicly documented data confirmed to show the transactions early Wednesday morning.</p>
<p>
In a transaction early Wednesday, the hacker said it's "ready to return the fund!"</p>
<p>
Transactions publicly stored on the blockchain show an address belonging to Poly's hacker returned nearly $4.8 million in assets through three separate transactions early Wednesday.</p>
<p>
But experts see this as a gimmick as it is only a small fraction of the amount stolen.</p>

IN Bureau

Recent Posts

India, Eritrea discuss ways to further broaden and deepen cooperation

India and Eritrea held a second round of Foreign Office Consultations in Delhi on Wednesday…

9 hours ago

India registers record export at USD 778 billion in 2023-24

India registered record exports in the just concluded financial year 2023-24 at USD 778 billion,…

11 hours ago

Activist decries PoJK government’s electricity tariff reduction notification as fraudulent

Prominent activist from Pakistan-occupied Jammu Kashmir, Amjad Ayub Mirza, has raised serious concerns about a…

11 hours ago

India, UAE hold 5th meeting of Joint Committee on Consular Affairs in New Delhi

The fifth meeting of the India-UAE Joint Committee on Consular Affairs took place in New…

12 hours ago

World Sindhi Congress chairperson Rubina Shaikh elected president of UNPO

World Sindhi Congress Chairperson Rubina Shaikh has been elected President of the Unrepresented Nations and…

12 hours ago

Choose France Summit: TCS to set up AI centre, Motherson to invest in aerospace

Two major commitments were made by Indian companies at the Choose France Summit held in…

14 hours ago