The biggest crypto theft in history affects the Ethereum network and other blockchains

biggest crypto theft in history affects the ethereum network and other blockchains

More than $600 million has gone missing in what is probably already the largest crypto theft in the history. Hackers have exploited a vulnerability in Poly Network, a platform that seeks to connect different blockchains so that they can work together.

Poly Network works as a kind of protocol to facilitate interoperability between different blockchains. This platform has been the one that has denounced the attack perpetrated by hackers who would have achieved the greatest loot in the history of decentralized finance, which different media estimate at about 600 million dollars (511 million euros), according to reports from the CNBC. 

However, the latest information ensures that these cybercriminals have begun to return part of the loot. From Poly Network they had requested in a statement the return of the money that belongs “to the people.” 

Despite everything, the cryptocurrency universe is quoted calmly on Wednesday’s session. What’s more, the big cryptocurrencies, such as bitcoin or ether, register increases of more than 1% that lead these ‘currencies’ to hit highs in recent months. 

“The most money”

In a statement, Poly Network expresses its desire to “establish communication” with the perpetrator of the computer attack, noting that “the amount of money pirated is the highest in the history of ‘DeFi’ (decentralized finance)” and that it affects thousands of network users.

In this way, he warns the ‘hacker’ that this attack will be considered a serious crime in any country, adding that it would be unwise for him to carry out transactions, so he proposes that the pirate contact Poly Network to “try to find a solution.”

According to the Financial Times, the tokens stolen in the attack on Poly Network would be valued at around 600 million dollars, including more than 270 million dollars (230 million euros) in ethereum blockchain, about 250 million dollars (213 million euros) from Binance Smart Chain and about 84 million dollars 872 million euros) from the Polygon network.