Hackers Steal $600 Million in Cryptocurrency, the Biggest Crypto Theft in History

Tsing

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Image: Rūdolfs Klintsons (Pexels)



A hacking group has managed to steal around $600 million in cryptocurrency from a decentralized finance (DeFi) platform called Poly Network after exploiting one of its vulnerabilities. As noted in a letter sent to the hackers by Poly Network, this is the largest amount that has ever been stolen in DeFi history.



“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 noted in a seemingly useless attempt at guilting the hackers into returning a portion of the coins that were pillaged.



Strangely, the hackers appear to be complying, as Poly Network has begun receiving some of its money back in several of the wallet addresses that were provided to the attackers. The amount received so far is only $260 million, however, less than half of the...

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