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    Home»Economy»Standard cryptocurrency theft by hackers
    Economy

    Standard cryptocurrency theft by hackers

    Sophie LaurentBy Sophie LaurentAugust 11, 2021No Comments2 Mins Read
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    Standard cryptocurrency theft by hackers
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    Dear hacker […] We want to contact you and urge you to return the hacked assets, wrote Poly Network in a message to hackers that was posted on Twitter.

    The amount of money I hacked is the largest in the history of decentralized finance […] This money comes from tens of thousands of members of the crypto community.

    Quote from:Polly Network on Twitter

    Altogether, the theft of Ethereum, BinanceChain, and OxPolygon tokens is worth about $600 million, according to accounts from users including cybersecurity researcher and Ethereum specialist Mudit Gupta.

    Poly network did not immediately respond to a request fromFrance Press agencyFrance media agency.

    On Twitter, the company published the addresses used by hackers, and called on crypto wallet holders to put them on a disapproval list.

    Transfers of bitcoin and other crypto assets are based on blockchain technology, which preemptively eliminates the need for intermediaries such as banks, where transactions are executed directly from user to user.

    Cryptocurrencies: 60% of the hacked volume

    The authorities in any country will consider your misdeeds a major economic crime and you will be prosecuted. […] You should talk to us to find a solution, the Poly network insists in its message.

    By the end of April, cryptocurrency thefts, hacks and fraud totaled $432 million, according to CipherTrace.

    This number may seem small compared to years past, but if we look in more detail, there is an alarming trend: hacks in decentralized finance now account for more than 60% of the total volume of hacks and thefts., notes the specialist company.

    Sophie Laurent

    Sophie Laurent is a contributor to Vaughantoday.ca, covering a wide range of topics including local news, politics, business, technology, sports, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting that helps readers stay informed about current events and issues that matter to their communities. Sophie is committed to presenting accurate information, practical insights, and relevant stories in a straightforward and reader-friendly manner, making complex topics accessible to a broad audience.

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