Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Review Master on August 10, 2021, 06:04:06 PM

Title: Biggest hack on Defi/Crypto space worth of $600+ Million from PolyNetwork
Post by: Review Master on August 10, 2021, 06:04:06 PM
Exploit in defi space is becoming commons as every now and then, we get news of hack/exploit on any defi projects. Previously, biggest exploit amount was $89 million which was drained from compound labs. But this time, the exploit of polynetwork breaks that record as $600 Million plus worth of funds was drained from three different chain including ethereum, binance smart chain and polygon which is now the biggest hack on defi/crypto space.

PolyNetwork officially statement: https://twitter.com/PolyNetwork2/status/1425073987164381196

Hacker's wallet address:
Ethereum: https://etherscan.io/address/0xC8a65Fadf0e0dDAf421F28FEAb69Bf6E2E589963
Binance smart chain: https://bscscan.com/address/0x0D6e286A7cfD25E0c01fEe9756765D8033B32C71
Polygon: https://polygonscan.com/address/0x5dc3603C9D42Ff184153a8a9094a73d461663214

Crazy thing is, someone informed hacker throughout transection to not use usdt which is blacklisted and hacker tipeed that address 13.37 eth. After knowing this, everyone's started to spam on his address for free money. Just check the ethereum address of that hacker. More entertainment on those transections.  ;D ;D

Here's the two of those transections:
(1) https://etherscan.io/tx/0xae2442c5b5721df8c190fd8f59b53b6dc56a875fb03035ad34276a598ddf7d31
(2) https://etherscan.io/tx/0xdf3afc47c7914e06ddb1be19afcd769e558111d353e55273a62c4a96e6a6090f
Title: Re: Biggest hack on Defi/Crypto space worth of $600+ Million from PolyNetwork
Post by: Review Master on August 10, 2021, 07:36:45 PM
Updates

Hacker recently did a transection to share a message: https://etherscan.io/tx/0x552bc0322d78c5648c5efa21d2daa2d0f14901ad4b15531f1ab5bbe5674de34f
Code: [Select]
IT WOULD HAVE BEEN A BILLION HACK IF I HAD MOVED REMAINING SHITCOINS! DID I JUST SAVE THE PROJECT?
NOT SO INTERESTED IN MONEY, NOW CONSIDERING RETURNING SOME TOKENS OR JUST LEAVING THEM HERE

Btw, it looks like the end of this heist as SlowMist already found out the the identity of that hacker according to the news of TheBlockCrypto (https://www.theblockcrypto.com/post/114045/at-least-611-million-stolen-in-massive-cross-chain-hack).

Not only this, one user already found out another wallet address (most probably hackers main wallet) which is tied to binance, ftx, okex (https://twitter.com/wardbradt/status/1425112492397764609).

PloyNetwork tweeted a message for hacker: https://twitter.com/PolyNetwork2/status/1425123153009803267

Another transection: https://etherscan.io/tx/0x4c102e972301b999318df70e3d3a067994dcc83951f07f7f37c45ff7e922beec
Code: [Select]
WHAT IF I MAKE A NEW TOKEN AND LET THE DAO DECIDE WHERE THE TOKENS GO

Note: Updating thses stuffs as this is the biggest hack in defi/crypto space.  ;)
Title: Re: Biggest hack on Defi/Crypto space worth of $600+ Million from PolyNetwork
Post by: gotbounty on August 10, 2021, 11:34:07 PM
Hackers will be always there, once again we see how huge the money they stole from crypto space is. I am always worried about my crypto assets because it is purely in the digital world, hackers can try various ways to steal our crypto assets. However, I believe someday we will have strong security to prevent the hackers and must have special international police to catch them.


Thank you that you show this information and updated it as well. +1 karma

Title: Re: Biggest hack on Defi/Crypto space worth of $600+ Million from PolyNetwork
Post by: Master107 on August 11, 2021, 04:32:58 AM
Still vulnerable though the project were certified audited by trusted one. The exploit occur every year in different platforms particularly those projects who are strongly and confidently says "assets are safu." Nevertheless, whoever affected will come up to new solutions to refund or return the investors assets to maintain the project reputation.

Actually, hackers seems the new pirates in digital world and scammers are their crews. Lol
Title: Re: Biggest hack on Defi/Crypto space worth of $600+ Million from PolyNetwork
Post by: UNIVERSE on August 11, 2021, 11:26:52 PM
This is one of the risks of technology, online moreover. Hackers will gonna hack everything in order to get their desire fulled and also get a lot of money on it.
And about this hack, we may feel sad about this, $600+ Million from PolyNetwork is not a small amount. This will influence the price at that time and in the future also.
Title: Re: Biggest hack on Defi/Crypto space worth of $600+ Million from PolyNetwork
Post by: Master107 on August 12, 2021, 03:45:40 PM
Quote from: UNIVERSE on August 11, 2021, 11:26:52 PM
This is one of the risks of technology, online moreover. Hackers will gonna hack everything in order to get their desire fulled and also get a lot of money on it.
And about this hack, we may feel sad about this, $600+ Million from PolyNetwork is not a small amount. This will influence the price at that time and in the future also.

Good news. The hacker return the stolen money.
We don't know his real motive for doing such thing. What he did is memorable in crypto space. Very unique case that hacker return the stolen fund.