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Record-breaking cryptocurrency burglary by hackers

SAN FRANCISCO | A company specializing in cryptocurrency transfers on Tuesday reported a record theft, the largest ever seen by the industry, valued at $ 600 million by experts.

“Dear pirate […] we want to get in touch with you and urge you to return the assets you hacked, ”the Poly Network company wrote in a letter to hackers posted on Twitter.

“The amount of money you have hacked is the largest in the history of decentralized finance,” the company continues. “This money comes from tens of thousands of members of the crypto community.”

In all, the theft of Ethereum, BinanceChain and OxPolygon tokens is worth some $ 600 million, according to calculations from users like cybersecurity researcher and Ethereum specialist Mudit Gupta.

Poly Network did not immediately respond to an AFP solicitation.

On Twitter, the company posted the addresses used by hackers, and called on cryptocurrency wallet holders to “blacklist” them.

Transfers of bitcoins and other crypto-assets rely on the technology of blockchain, which a priori makes it possible to do without intermediaries such as banks, with transactions being made directly from user to user.

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

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

“This figure may seem small compared to those of past years, but if we look in more detail, there is an alarming trend: hacks in decentralized finance now represent more than 60% of the total volume of hacks and thefts,” notes the specialized firm.

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