
Poly Network Suspends Operations after Attackers Mint Billions of Tokens
The attackers manipulated nearly 57 assets across 10 different blockchains and created nearly $42 billion in tokens immediately after the attack.
The attackers manipulated nearly 57 assets across 10 different blockchains and created nearly $42 billion in tokens immediately after the attack.
Although pNetwork is already fixing the problem, the BSC DeFi platform has promised the hackers $1.5 million if they return their hack loot.
The attacker whom Delong suspected to be a Twitter user with the handle @eratos1122 notably carted away with the entire sum generated from the token sale.
Mr. White Hat, the code name for the hacker who exploited the vulnerability in Poly Network’s system last week, resulting in the largest heist in crypto history has been invited by the blockchain outfit to become its Chief Security Officer.
Mango Markets obviously has a positive stance with retail investors which culminated in the success of its token sale.
The Poly Network hackers returned $342 million worth of tokens back, claiming that they only hacked the network to highlight vulnerabilities.
Hackers have now started to return the funds from the Poly Network which were stolen from the company.
The hack saw cross-chain Poly Network lose ETH, BNB, and USDC, worth hundreds of millions, larger than the 2014 Mt. Gox exchange hack.