This means the Poly Network. Anatomy of an exploit.

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The Poly Network project originally stems from the Neo project which leverages three different blockchain networks.

Poly Network. Poly Network was the second Chinese interoperability protocol to be featured on the government-backed Blockchain-based Service Network. Interoperability protocol Poly Network has confirmed that it has suffered a major exploit - losing at least USD 6003m of its funds. The amount of money you hacked is the biggest one in the defi history Poly Network said in a tweeted message to the thieves using a reference to decentralized finance involving.
Reports also states that Tether just froze 33million on the wallet. After an alleged hacker drained more than 600 million from cross-chain decentralized finance DeFi protocol Poly Network. Poly Network reports it was hacked for more than 500 million Tuesday morning.
In the largest DeFi hack ever Poly network was hacked to 611 million. Poly Network put out a plea for the stolen Ethereum BinanceChain and OxPolygon tokens to be shunned by traders running wallets for storing cryptocurrency. Poly Network announced that the cross-chain protocol was hacked for more than 600 million worth of cryptocurrencies.
Poly Network has integrated its 11th supported heterogeneous blockchain Polygon. The hack occurred on the Binance Ethererum and Polygon networks. The hacker transferred the stolen assets to addresses on Ethereum Binance Smart Chain and Polygon.
Poly Network allows the transfer of tokens between nine blockchains at present including Bitcoin Ethereum Neo Ontology Elrond Ziliqa Binance Smart Chain Switcheo and Huobi ECO Chain. Poly Network was created following a collaboration amongst organizations instrumental in setting up several blockchain platforms like Switcheo Neo and Ontology. The protocol announced that it got attacked on Binance Smart Chain Ethereum.
Poly Network a Chinese software biz that processes cryptocurrency transactions across different blockchain platforms urged hackers to return 600m worth of stolen digital cash in what it called the biggest attack in DeFi history. It is difficult to estimate the scale of the hack because the Poly network allows interoperability among different blockchains. The victim of the attack.
Japanese aggregation protocol O3 Swap has. Both the Poly Network and the O3 Swap protocol have suspended cross-chain swaps. Poly Network has recently released Poly Bridge mobile version which now supports transfers to Ethereum Binance Smart Chain Huobi Eco-Chain and OKExChain.
These include popular names like Ethereum Bitcoin and Ontology. Poly Network which links some of The attack would be one of the largest to date on a crypto venture on a par with major breaches including those of. Protocols like Poly Network allow cryptocurrency traders to.
Poly Network has urged miners to stop trading and blacklist crypto exchanges Binance Huobi Global OKEx and Coin Base Pro. The hackers IP address and wallets have been identified and Poly Network has urged them to return the stolen assets. Mobile users can connect with MetaMask.
Crypto Panhandlers Beg Poly Network Attacker for Share of 613M Haul. It said Tuesday that a preliminary investigation found a vulnerability between contract calls and denied rumors that the exploit was caused by a single keeper. Poly Network is a decentralized-finance DeFi platform that operates on the Binance Smart Chain Ethereum and Polygon blockchains.
Total trade volume surpassed 9 billion in value USD Development. The network is also known as a protocol for exchanging tokens among different blockchains. DeFi stands for decentralised finance.
Poly Networks announcement came shortly after Reuters reported that losses from theft hacks and fraud in the DeFi industry reached a record 474 million from January to. Poly Network has implemented interoperability with 11 heterogeneous chains including Bitcoin Ethereum Neo Ontology BSC HECO OKExChain Polygon Elrond Zilliqa and Cosmos-SDK.

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