33.9 C
Nigeria
December 26, 2024
Dome Television
Image default
Editor's Picks

How hackers stole $600m worth of crypto

Getting your Trinity Audio player ready...

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.

Related posts

This website uses cookies in order to improve user experience. We believe that this seats well with you. You can opt-out if you wish. Accept Read More