Poly Network which is a cross-chain protocol was compromised for $611 millions.
Poly network team said:
“Important Notice:
We are sorry to announce that #PolyNetwork was attacked on BinanceChain, ethereum and 0xPolygon
 Assets had been transferred to hacker’s following addresses:
ETH: 0xC8a65Fadf0e0dDAf421F28FEAb69Bf6E2E589963
BSC: 0x0D6e286A7cfD25E0c01fEe9756765D8033B32C71″
Important Notice:
We are sorry to announce that #PolyNetwork was attacked on @BinanceChain @ethereum and @0xPolygon Assets had been transferred to hacker's following addresses:
ETH: 0xC8a65Fadf0e0dDAf421F28FEAb69Bf6E2E589963
BSC: 0x0D6e286A7cfD25E0c01fEe9756765D8033B32C71— Poly Network (@PolyNetwork2) August 10, 2021
Team Further said:
“We call on miners of affected blockchain and crypto exchanges to blacklist tokens coming from the above addresses.
We call on miners of affected blockchain and crypto exchanges to blacklist tokens coming from the above addresses.
We will take legal actions and we urge the hackers to return the assets.”
The protocol team is asking exchanges to block hacked funds.
In the largest DeFi hack ever, Poly network was hacked to $ 611 million.
The hacker transferred the stolen assets to addresses on Ethereum, Binance Smart Chain, and Polygon.
It is difficult to estimate the scale of the hack because the Poly network allows interoperability among different blockchains.
Japanese aggregation protocol O3 Swap has put its cross-chain functionality on hold because of the hack.
Paolo Ardoino, Tether’s Chief Technology Officer, announced that $33 Million worth of USDT tokens relating to the Poly network incident has been frozen by the stablecoin issuer.
Poly Network encourages miners and exchanges to blacklist wallets that are associated with the attack.
Operators behind the protocol promise to sue bad actor.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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