Home Crimes CyberCrime : Hackers steal $600m worth of crypto

CyberCrime : Hackers steal $600m worth of crypto

Unidentified hackers stole crypto worth $610m across three chains on Tuesday.

According to CoinTelegraph, Poly Network, a cross-chain protocol, said the attacks removed assets from Binance Chain, Ethereum, and the Polygon network.

Blockchain data from the respective networks showed that the hackers stole about $273m from ETH, $85m in USD Coin from the Polygon network, and $253m from Binance Smart Chain.

The network said it would be pursuing legal actions against the hackers in a bid to get back the stolen funds.

It also asked miners on the affected chains, and crypto exchanges to blacklist tokens coming from the affected addresses.

The crypto space has since responded since news of the hack broke out. OKEx Chief Executive Officer, Jay Hao, said his exchange’s team was watching the flow of coins and would try to manage the situation.

Tether Chief Technology Officer, Paolo Ardoino, said the project had frozen $33m in Tether from one of the affected addresses.

Binance Chief Executive Officer, Changpeng Zhao, said Binance was coordinating with security partners to help with the hack.

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