Poly Network is a cross-chain decentralized finance platform and operates on the Binance Smart Chain, Ethereum and Polygon blockchains. It suffered a hack recently in which approximately US$600 million in crypto was stolen.
About one hour after Poly announced the hack on Twitter, the hacker tried to move assets including USDT through the Ethereum address into liquidity pool Curve.fi, records show. The transaction was rejected. Meanwhile, close to $100 million has been moved out of the Binance Smart Chain address in the past 30 minutes and deposited into liquidity pool Ellipsis Finance.
Check It Out: DeFi Platform ‘Poly Network’ Hacked, $600 Million in Crypto Stolen