2023-07-03 19:08:00
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03.07.2023 22:08, Vladimir Fetisov
Cryptocurrency platform Poly Network, which allows you to combine the work of different types of blockchains, has undergone a hacker attack. According to available data, the attackers managed to generate billions of non-existent cryptocurrency tokens on dozens of different blockchains.
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Poly Network said in a report that the attackers exploited a vulnerability that allowed them to manipulate the smart contract function in the bridge protocol. According to the platform, the issue affected 57 crypto assets across 10 blockchains, including Ethereum, BNB Chain, Polygon, Avalanche, Heco, OKX, and Metis. The message does not specify how much the hackers managed to steal.
According to experts, the hackers generated regarding $100 million worth of BNB tokens, as well as $10 billion worth of BUSD tokens. In addition, regarding 100 trillion Shiba Inu tokens were generated on the Heco network. A significant number of altcoins have also been issued on the Polygon and Avalanche networks. It is noted that at some point in the wallet of hackers there was a number of cryptocurrency tokens equivalent to regarding $42 billion, but they managed to sell only a part of them due to limited demand.
Note that this is not the first time that the Poly Network cryptocurrency platform has been hacked. In 2021, a hacker managed to steal $600 million worth of cryptocurrencies. However, he later agreed to return the stolen funds and even received a solid reward from Poly Network.
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