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

Baloch Yakjehti Committee releases documentary to honour Karima Baloch’s legacy

On the 4th death anniversary of human rights activist Karima Baloch, the Baloch Yakjehti Committee…

12 hours ago

EAM Jaishankar to visit US from December 24-29

External Affairs Minister S Jaishankar will visit the US from December 24-29 to discuss key…

13 hours ago

Balochistan: Medical students protest campus closure, security crackdown

Students at the Bolan Medical College (BMC) in Balochistan's Quetta entered the 27th day of…

14 hours ago

Climate change, health risks escalate amid surge in PoGB deforestation

The intensifying cutting of trees for firewood in Pakistan-occupied Gilgit-Baltistan (PoGB) is not only worsening…

15 hours ago

India’s retired judges, bureaucrats call for “immediate end” to attacks on minorities in open letter to Bangladesh

A group of retired judges, bureaucrats, Army officials and other civil society members have penned…

15 hours ago

Israel, Slovakia sign historic USD 582 million deal to boost Air Defense capabilities

Israel and Slovakia signed a 2 billion shekel (USD 582 million) agreement on Monday to…

16 hours ago