The exploiter’s total realized gain, according to blockchain security company Dedaub, was somewhere around $5.5 million.
A cross-chain decentralized finance platform called Poly Network announced via Twitter that it had ceased operations due to a “recent attack.”
The group disclosed that the attack affected 57 cryptocurrencies across 10 blockchains and advised users to withdraw funds from decentralized exchanges as soon as possible.
Another comparable hack on Poly Network occurred in 2021, when criminals stole almost $600 million in digital assets.
Poly Network’s Attempt to Address the Issue
In a statement, Poly Network said it has asked “cybersecurity professionals and individuals with relevant knowledge” for help. The company urged customers to share any information they may have with the team.
Shiba Inu (SHIB), Dai (DAI), and several more cryptocurrencies are among the 57 that are impacted. Some assumed the amount could be significant, despite the fact that the actual scope of the exploit was not disclosed.
Hackers allegedly stole the addresses’ private keys, according to blockchain security company Dedaub.
Poly Network declared that it would make an effort to engage with centralized exchanges and law enforcement organizations on the case.
It sparked hopes that the assailant would give back the stolen property to prevent any potential legal issues.
The CEO of Binance Reacts
Changpeng Zhao (CZ), the CEO of Binance, was one of many who responded to the most recent attack in the DeFi space.
He provided data from Lookonchain showing that the Poly Network hackers had sold 94 billion SHIB for 360 ETH, 495 million COOK for 16 ETH, and 15 million RFuel for 27 ETH.
He then guaranteed that because the platform does not accept deposits from the hacked protocol, the incident will not have an impact on Binance users.
The executive added that Poly Network has already received support from the exchange in solving the issue.
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