Tag: poly network

Sep 22 2021

Abusing Smart Contracts to Steal $600 million: How the Poly Network Hack Actually Happened

On August 10, a hacker stole more than $600 million through Poly Network and a bizarre series of events unfolded in the aftermath. In this article, Kraken Security Labs dives into the technical details of how the attacker was able to steal such a large… The post Abusing Smart Contracts to Steal $600...

Aug 25 2021

Bitcoin’s Price Has Risen, But This Metric Hasn’t

August 25, 2021 / Unchained Daily / Laura Shin Daily Bits...

Aug 23 2021

Aug 13 2021

Why Did the Poly Network Attacker Return Half the Money They Stole?

Aug 13 2021 Published at Unchained Podcast under tags  2021 bsc crypto defi eth

Poly Network, a cross-chain DeFi protocol, recently suffered a $600M hack -- the largest DeFi exploit in crypto history. Mudit Gupta, security researcher and SushiSwap dev, breaks down the attack, explaining how it occurred, why the hacker is returning the funds, and what Poly Network should do next. Show highlights: how Poly...

Aug 12 2021

3 Stats That Support This Bull Market

Aug 12 2021 Published at Unchained Podcast under tags  bitcoin bull market dogecoin energy etf

August 11, 2021 / Unchained Daily / Laura Shin Daily Bits...

Days After the Biggest Hack in DeFi History, Poly Network Attacker Starts Returning Stolen Funds

On Tuesday, the largest attack on decentralized finance (DeFi) took place. More than $600 million worth of funds were stolen using an exploit on cross- chain protocol Poly Network. The company reported that the attacker identified "a vulnerability between contract calls”, which are used by renBTC, WBTC and WETH.

Poly Network Hack: Attacker Now Returning Funds After SlowMist Report

Following reports by SlowMist, blockchain security, the Poly Network hacker has reportedly started returning funds gotten from the hack. According to reports, the blockchain security company was able to track and obtain the identity of the attacker after the hack on Poly Network yesterday. This report is most like the major...

Poly Network Hacker Intends to Return Stolen Funds

Aug 12 2021 Published at FullyCrypto under tags  cryptocurrency news poly network

Reading Time: 2 minutes The Poly Network hacker has already returned approximately half of the $600 million stolen funds. The hacker intends to pay back all of the funds. Analysts claim the transparency of blockchain technology makes it difficult to launder stolen...

Aug 11 2021

The Biggest DeFi Hack in History

August 11, 2021 / Unchained Daily / Laura Shin Daily Bits...

Poly Network Hack: Over $611 Million in Crypto Stolen

Poly Network, a platform designed to carry out interoperability among several chains, has suffered a major hack resulting in the loss of $611 million in cryptocurrencies. As a cross-chain protocol, Poly Network functions along with other blockchains like Ethereum, Polygon, Binance Smart Chain, and more. The hacker...

Aug 10 2021

Biggest Heist In DeFi? How A Hacker Stole $600 Million From Poly Network

Around 1:00 PM UTC, the official Twitter handle for Poly Network reported an attack on their platform resulting in one of the worst attacks on DeFi since its inception. The hacker managed to transfer over $600 million in assets to Polygon, Ethereum, and Binance Smart Chain (BSC) addresses. According to their website,...

Poly Network Loses $600M+ In DeFi Cross-Chain Hack, What Happened?

A relatively unknown DeFi cross-chain bridging protocol Poly Network announced on August 10 that it has suffered, what is being noted as the largest hack in DeFi history by losing over $600M across three blockchain networks of Ethereum, Polygon and Binance Smart Chain. It has been reported that the Poly Network has lost ~$273M of it's users funds on Ethereum, ~$253M on Binance...

Nov 29 2020

Elrond To Support Bitcoin and ERC20 DeFi Tokens

Internet-scale interoperable blockchain platform Elrond has disclosed plans to support Bitcoin and other crypto assets. This is made possible because of the new strategic partnership between Elrond and Poly Network. The blockchain is known for its work on ensuring interoperability at "Internet Scale." The internet as we know it today is an enormous compilation of connected computers or nodes across different types of...

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