September 24, 2021

TechNewsInsight

Technology/Tech News – Get all the latest news on Technology, Gadgets with reviews, prices, features, highlights and specificatio

technology. Hackers steal $600 million in cryptocurrency

“The largest amount of money hacked in the history of decentralized finance,” according to the Poly Network. On Tuesday, this company that specializes in transferring digital currencies to its users announced that it had been the victim of an unprecedented record theft in the financial sector. Ethereum, BinanceChain, OxPolygon… In total, hackers stole $600 million, or €512 million, of cryptocurrency tokens, according to accounts of users such as cybersecurity researcher and ethereum specialist Cursed Gupta.

This content has been blocked because you did not accept bots.

click ” Approved “, the conspirators will be deposited and you will be able to view the contents .

click “I accept all tracers”You authorize the deposit of trackers to store your data on our websites and apps for the purposes of personalization and ad targeting.

You have the option to withdraw your consent at any time.
Manage my choices


“The money you stole belongs to thousands of members of the crypto community.”

Poly Network responded to this intangible “burglary” on Twitter by directly addressing the hackers responsible for the theft:

This content has been blocked because you did not accept bots.

click ” Approved “, the conspirators will be deposited and you will be able to view the contents .

click “I accept all tracers”You authorize the deposit of trackers to store your data on our websites and apps for the purposes of personalization and ad targeting.

You have the option to withdraw your consent at any time.
Manage my choices


On Twitter, the company published the addresses used by hackers, and called on crypto wallet holders to “blacklist” them. The Poly Network is still calling on hackers to “find a solution”.

Transfers of bitcoin and other crypto assets are based on blockchain technology, which a priori allows for intermediaries such as banks to be dispensed with, with transactions conducted directly from user to user.

By the end of April, crypto thefts, hacks and fraud totaled $432 million (€368.7 million), according to CipherTrace. “This number may seem small compared to previous years, but if we look in more detail, we can see a worrying trend: hacks in decentralized finance now account for more than 60% of the total volume of hacks and thefts,” the specialist notes.