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In a major cryptocurrency heist, hackers steal $600 million.

 


Approximately $600 million (£433 million) was stolen in what appears to be one of the largest cryptocurrency heists in history.

It urged the thieves to "establish communication and return the hacked assets" in a letter posted on Twitter.

By comparison, Coincheck and Mt Gox have both recently experienced large-scale hacks.

"The amount of money you have stolen is one of the largest in defi [decentralized finance] history," Poly Network wrote in its letter.

"Any country's law enforcement will regard this as a major economic crime, and you will be pursued."


"The money you stole was taken away from tens of thousands of crypto community members, thus the people."

# 'We lost our life savings in a cryptocurrency scam,' says one victim.

# European Union intends to make Bitcoin transfers more traceable.


According to preliminary findings, a hacker exploited a "vulnerability between contract calls."

After millions of dollars in tokens were transferred to separate cryptocurrency wallets, it urged various exchanges to block coin deposits.

Approximately $267 million in Ether currency, $252 million in Binance coins, and approximately $85 million in USDC tokens have been taken.

Binance CEO Changpeng Zhao stated that his company was aware of the hack, but that there was only so much he could do.

He stated that the group was "coordinating with all of our security partners to help proactively."

"There are no assurances," he added.

Poly Network is a decentralized finance (Defi) provider that allows users to transfer tokens linked to one blockchain to another.

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