Security News > 2021 > August > Record Cryptocurrency Heist Valued at $600 Million

Record Cryptocurrency Heist Valued at $600 Million
2021-08-11 00:32

A firm specializing in transferring cryptocurrency said Tuesday that hackers cracked its security, making off with a record-setting haul potentially worth $600 million.

"The amount of money you hacked is the biggest one in the defi history," Poly Network said in a tweeted message to the thieves, using a reference to decentralized finance involving cryptocurrency.

Poly Network threatened police involvement, but also offered the hackers the chance to "Work out a solution."

Poly Network posted online addresses used by the hackers, and called on "Miners of affected blockchain and crypto exchanges to blacklist tokens" coming from them.

Poly Network did not reply to an AFP request for comment, but Twitter users weighed in with calculations valuing the hackers' haul at some $600 million.

As of the end of April, cryptocurrency thefts, hacks and fraud so far this year totaled $432 million, according to an analysis by CipherTrace.


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