Ninjastic
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Post
Topic
Board Altcoin Discussion
Re: PolyNetwork Hacked, $600 million Lost
by
JohnBitCo
on 15/08/2021, 08:19:57 UTC
Quote from: Teknisi88 on August 11, 2021, 02:55:38 PM
Today I read the news of the most shocking events at https://www.reuters.com/technology/defi-platform-poly-network-reports-hacking-loses-estimated-600-million-2021-08-11/ namely news about The biggest hack in the history of the crypto industry.
A cryptocurrency platform has lost about $600 million in digital tokens after one of the biggest hacking attacks in the sector, according to details of the theft that emerged on Wednesday.
Why this event can happen so as to create space for hackers, it's really unfortunate


What's more bad about this hack was that PolyNetwork team stand clueless on what can be done to recover the people funds. As per the team, the network is hacked and funds are lost and they could not do anything to compensate their investors. That's the sad reality that in this unregulated market, no one can take responsibility of your loss.