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A cryptocurrency platform says it experienced a massive security breach by hackers this week — resulting in more than $600 million in stolen assets, according to a blockchain security firm conducting analysis on the hack.
Poly Network isn’t a crypto exchange or digital wallet platform. Instead, it helps facilitate crypto transfers between different cryptocurrencies’ blockchains. This can help people use their cryptocurrency across different networks.
Poly Network addressed the hacker in an open letter published Tuesday: “The amount of money you hacked is the biggest one in the defi [decentralized finance] history,” it read. “Law enforcement in any country will regard this…