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Here is one of the biggest grave robberies ever, over 180 billion forints have disappeared

Hackers exploited a weakness in Poly Network, a platform that wants to link different block chains so they can work together.

The Poli Network posted the attack on Twitter, asking them to contact the hackers and urging them to “return the compromised devices.”

Blockchain technology is the foundation of every cryptocurrency, and every blockchain is different. The Poly network claims to be able to make these different blockchains work together.

Poly Network is a decentralized financial platform. DeFi is a broad concept that includes financial applications based on blockchain technology that seek to exclude intermediaries, such as brokerage firms and exchanges, from the equation.

“The amount of money hacked is the largest in DeFi history,” Polly Network wrote in another tweet.

After the hackers stole the funds, they started sending it to other cryptocurrency addresses. Researchers at the security firm SlowMist say that a total of more than $610 million in cryptocurrency has been transferred to three different addresses.

Poly Network has invited cryptocurrency exchanges to a “blacklist” of tokens from addresses that can be linked to hackers.

About $33 million in Tether, which could be linked to the theft, has been frozen, a According to the source of the stablecoin. Meanwhile, Changpeng Zhao, CEO of a cryptocurrency exchange called Binance, said he was aware of the attack, adding that Binance is “consulting with all security partners to proactively help” but “there are no guarantees.”

“We will take legal action and call on hackers to return the devices,” the Poly Network said on Twitter.

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SlowMist said in a tweet that its researchers “found the attacker’s mailbox, IP address, and device fingerprint” and “followed clues that reveal the identity of the Poly Network attacker.”

The researchers concluded that the theft “may have been a planned, organized and prepared attack for a long time”.

By the way, DeFi has become one of the main targets of such attacks. From the start of the year through July, DeFi-related breaches totaled $361 million — nearly three times the 2020 rate, according to CipherTrace as a whole.

DeFi-related fraud is on the rise, too. In the first seven months of the year, they represented 54 percent of the total volume, compared to 3 percent for the full year last year.

Cover Photo: Getty Images