Cryptocurrency

"Crypto platform hit by $600 million heist asks hacker to become its chief security advisor"

2021-08-11 [vendor] Poly Network [chain] ethereum, bsc
Primary Source ↗
Recovered $611.0M
Blockchain(s) Ethereum, Bsc

Incident Details

Hackers stole approximately $611 million from the decentralized finance platform Poly Network in the largest cryptocurrency theft against a single platform to date. In a bizarre twist, the hacker returned the funds, and Poly Network offered them a position as a chief security advisor (though it is not clear if they accepted).

Technical Details

Initial Attack Vector
Smart contract exploit / hack
Vendor / Product
Poly Network

Timeline

  1. 2021-08-11 Breach occurred
  2. 2021-08-11 Publicly disclosed