People associated with the Poly Network project reported on Twitter about the attack on the Binance Smart Chain, Ethereum and Polygon. As a result of the hackers’ actions, the company lost more than $600 million.
After news of the attack was published, Tether was quick to respond. As Paolo Ardoino reported, stolen USDT worth about $33 million was frozen.
Huge hacker attack on decentralized finance
The attack that Poly Network fell victim to was carried out by unknown hackers. They used an exploit, which allowed them to steal over $600 million from three different chains.
According to blockchain data, the hackers managed to seize about $273 million from Ethereum, $253 million from the Binance Smart Chain, and $85 million in USDC from the Polygon network.
The following tweets posted on the @PolyNetwork2 account not only announced the attack, but also pointed out the criminals’ addresses where the stolen funds were transferred.
“We are sorry to announce that #PolyNetwork was attacked on @BinanceChain @ethereum and @0xPolygon. Assets had been transferred to hacker’s following addresses:
The company also called on miners and cryptocurrency exchanges to blacklist the said addresses.
“We call on miners of affected blockchain and crypto exchanges to blacklist tokens coming from the above addresses”.
Apart from this, Poly Network announced legal action and called on hackers to return the stolen funds.
“We will take legal actions and we urge the hackers to return the assets”.
Paolo Ardoino was not the only well-known cryptocurrency-related person to pledge help. CEO of the OKEx exchange Jay Hao announced that his team would be looking at the flow of stolen funds. The CEO of rival exchange Binance Changpeng Zhao reacted similarly, promising to do as much as possible. However, he stressed that he offered no guarantees.
“We are aware of the poly.network exploit that occurred today. While no one controls BSC (or ETH), we are coordinating with all our security partners to proactively help. There are no guarantees. We will do as much as we can. Stay #SAFU”.