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Hackers Steal $600m In Largest Cryptocurrency Heist

Hackers Steal $97m From Top Japanese Crypto Exchange
About $600m (£433m) have been stolen by hackers in the largest cryptocurrency heists.

Gatekeepers News reports that Blockchain site Poly Network said hackers exploited a vulnerability in its system and taken thousands of digital tokens such as Ether.

The crypto platform, in a letter posted on Twitter, urged the thieves to “establish communication and return the hacked assets”.

Poly Network said: “The amount of money you have hacked is one of the biggest in defi (decentralised finance) history.

“Law enforcement in any country will regard this as a major economic crime and you will be pursued.

“The money you stole are [sic] from tens of thousands of crypto community members, hence the people.”

Poly Network said a preliminary investigation found a hacker exploited a
“vulnerability between contract calls”.

It urged various exchanges to block deposits of the coins, after millions of dollars in tokens were transferred to separate cryptocurrency wallets.

According to BBC, about $267m of Ether currency has been taken, $252m of Binance coins and roughly $85 million in USDC tokens.

Gatekeepers News reports that Chief Executive of Binance, Changpeng Zhao said his firm was aware of the hack, but added there was only so much he could do.

He said the group was “co-ordinating with all our security partners to proactively help”.

“There are no guarantees,” he added.

Poly Network is a decentralised finance – or Defi – provider, which allows users to transfer tokens tied to one blockchain to a different network.

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