Home Business & Economy$600m worth of crypto stolen by hackers

$600m worth of crypto stolen by hackers

by Hollins Esegba
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CRYPTO worth $610m was stolen by unidentified hackers across three chains on Tuesday.

According to a cross-chain protocol, CoinTelegraph, Poly Network, the attacks removed assets from Binance Chain, Ethereum, and the Polygon network.

Blockchain data from the respective networks showed that the hackers stole about $273m from ETH, $85m in USD Coin from the Polygon network, and $253m from Binance Smart Chain.

In a bid to get back the stolen funds, the network said it would be pursuing legal actions against the hackers.

It also asked miners on the affected chains, and crypto exchanges to blacklist tokens coming from the affected addresses.

The crypto space has since responded since news of the hack broke out as OKEx Chief Executive Officer, Jay Hao, stated that his exchange’s team was watching the flow of coins and would try to manage the situation.

Tether Chief Technology Officer, Paolo Ardoino, said the project had frozen $33m in Tether from one of the affected addresses.

According to Binance Chief Executive Officer, Changpeng Zhao, Binance was coordinating with security partners to help with the hack.

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