Post
Topic
Board Altcoin Discussion
Re: PolyNetwork Hacked, $600 million Lost
by
TimeTeller
on 11/08/2021, 22:36:17 UTC

They should act seriously on this matter, because if they're not having negligence on this certain breaches I think this wouldn't burst out being hacked. $600 million was really painful to think of since it's a funding for Polynetwork which I am figuring out to be difficult to recover too fast  This should be investigated if this was done by their staffs or an inside job happening.

With the amount of money involved, I wonder what was the previous security level of the platform.
The platform itself should be the one responsible with their security settings and should apply the highest security if possible.
They are holding the funds of users, and they are relying on their services.
Hope no inside job is involved in this case. And also, it demonstrates that even DeFi systems are really vulnerable to hacking.
People should know better how to secure their crypto assets.

But with the turn of events, wondering why the hackers are now returning what they stole (what triggers them to send it back?)
https://www.cnbc.com/2021/08/11/cryptocurrency-theft-hackers-steal-600-million-in-poly-network-hack.html