A group of hackers recently stole close to $600 million in a cryptocurrency theft off of the Poly Network, which is the biggest cryptocurrency theft in the crypto industry.
How did the Poly Network theft happen?
Hackers found a vulnerable spot in the Poly Network — an ecosystem of cryptocurrency, where people can hold their assets — that allowed them to steal people’s funds, according to Poly Network.
- “The amount of money you hacked is the biggest one in the defi history,” Poly Network wrote in a letter that it posted on Twitter. “The money you stole are from tens of thousands of crypto community members … you should talk to us to work out a solution.”
Poly Network said its members should blacklist any assets that come from the addresses of the known attacker, which was released to members. Poly Network sent out several addresses to where the attacker could send the money, according to CNN.
- Binance — a cryptocurrency exchange…