May 21, 2022

The Queens County Citizen

Complete Canadian News World

Record-breaking cryptocurrency theft by hackers

Record-breaking cryptocurrency theft by hackers

Dear hacker […] We would like to contact you and ask you to return the hacked assets, The Poly Network Company wrote in a letter to hackers posted on Twitter.

The amount of money you hacked is the largest in the history of decentralized finance […] The money came from tens of thousands of members of the crypto community.

A quote from:Poly Network on Twitter

According to consumer figures, including cybersecurity researcher and Ethereum specialist Mudit Gupta, the theft of Ethereum, BinanceChain and OxPolygon tokens is estimated at nearly $ 600 million.

Polly did not immediately respond to a request from the networkAFP.

On Twitter, the company posted addresses used by hackers and called for the rejection of cryptocurrency wallet holders.

Bitcoins and other crypto-asset transfers are based on blockchain technology, which eliminates the need for intermediaries such as banks as transactions are conducted directly from consumer to consumer.

Cryptocurrencies: 60% of hacks volume

Authorities in any country consider your misconduct a major financial crime and you will be prosecuted. […] You need to talk to us to find a solution, The Poly Network emphasizes in its letter.

By the end of April, cryptocurrency thefts, hacks and scams totaled $ 432 million, according to CipherTrace.

This number may seem small compared to previous years, but if we look in more detail, there is a worrying trend: hacks in decentralized finance now account for more than 60% of the total hacks and thefts volume., Said the specialist firm.