Poly Network Hacked Again!$42.1 billion worth of assets involved

2023-07-02 11:27:35

Photo Credit:Poly Network

Cryptocurrency trading platform Poly Network has been hacked once more!deadline hackerwallet“0xe0af…a599” Illegal proceeds still worth $2.95 million in assets, of which the hackers have issued andsell 94 billion Shiba Inu coins (SHIB) were exchanged for 360 ETH, 495 million COOK coins were sold for 16 ETH, and 1.5 billion RFuel coins were sold for 27 ETH. The hacker also transferred some assets and 1 ether to other wallets, and it is likely that they have other plans to sell or transfer.

Poly Network at around 2pm on the 2ndconfirmedThe news was announced and the deposit, withdrawal and transaction services of the platform were suspended.Slow Mist Technology Security Chief (@IM_23pds) also posted on TwitterexpressWill work together to help track down the hacker.

Hackers may not be able to get rid of all stolen illegal assets due to insufficient liquidity

The hackers who attacked Poly Network obtained at least USD 42.1 billion worth of illegal assets. As early as the early morning of the 1st, they successively transferred from the wallet address “0xe0af…a599” to more than 60 different wallets, and some used Kucoin, FixedFloat, ChangeNOW, Tornado Cash, Uniswap, PancakeSwap, OpenOcean, Wing and other 8 platforms records, hackers minted from 10 blockchains including Ethereum, BNB chain, Avalanche, Polygon, Heco, Metis, Gnosis, FTM, Arbitrum and Optimism assets.

It is known that most of the illegal assets are currently concentrated on Metis, the Layer 2 protocol of Ethereum. Metis pointed outThe newly minted BNB and BUSD by hackers on the platform have no available liquidity for sale. All METIS tokens minted through PolyBridge have been locked on the BNB chain by PolyNetwork. Metis guarantees that the assets on the Metis Andromeda mainnet are safe of.

According to statistics, hackers minted at least 10 different assets from the blockchain:

An additional 99,999,184 BNB and 10 billion BUSD were issued on Metis. 999.8127T SHIB, 87,579,118 COW and 999,998,434 OOE were issued on Heco. 636,643,868 STACK, 88,640,563 GM and 2,175,053 03 were issued on Polygon. 378,028371 STACK, 82,854,568 XTM and 11,026,341 SPAY were issued on Ethereum. 89,383,712 GM were issued on Avalanche. 8,882,911 METIS, 926,160,132 DOV, and 978,102,855 SLD were issued on BSC.

In August 2021, Poly Network was hacked and lost US$610 million in assets, making it the largest attack on record in the DeFi field at that time. At that time, hackers returned US$260 million to Poly Network.

CZ: It will not affect the deposit and withdrawal of Binance users, and has assisted in the investigation

Binance CEO Changpeng Zhao tweeted in the early morning of the 2ndto respondThe Poly Network hacking event will not affect Binance users, because Binance does not support Poly Network services, but revealed that it has assisted in the investigation.


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