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“# Poly Network hacker returns less than 1% of the $600M theft ” These transfers have occurred across the three wallets associated with the Poly Network hacker across the Ethereum, Binance Smart Chain (BSC) and Polygon networks. Poly Network confirmed receipt of the returned funds via a tweet issued on Tuesday. Details from Etherscan show that…
“# Poly Network hacker appears ready to return stolen funds ” Following a massive $600 million exploit of cross-chain protocol Poly Network, the Poly Network hacker has claimed his willingness to return the stolen cryptocurrency funds. At about 4:00 UTC on Wednesday, the hacker sent an Ethereum transaction to themselves, stating that they were “ready…
“# Exchange listings and NFT boom lift IoTeX, Rally and Axie Infinity price ” Tuesday started with a bang after Poly Network was hacked for $610 million in funds in what appears to be the worst hack in the history of decentralized finance and the price of Bitcoin (BTC) dropped by by 2% to trade…
“# Hackers stole at least $600M in Poly exploit across three chains ” In what may be the largest attack in decentralized finance, unknown hackers used an exploit on cross-chain protocol Poly Network to remove at least $610 million from three chains. According to a Tuesday update on Twitter, Poly Network said the attacks had…
“# How yield farming on decentralized exchanges can become less risky ” The DeFi industry has been gaining momentum since 2020, offering a new perspective on the world of finance and a new way for investors to make money. In its essence, DeFi, also known as Decentralized Finance, is an ecosystem of applications and services…
“# Nano seeks $700K in costs from plaintiff who dropped class action with ‘absurd’ claims ” An ongoing lawsuit involving crypto project Nano has taken another turn this week when the developers sought a sanction after the plaintiff dropped the case. The Nano team is after $701,000 in attorney fees and costs as a sanction…
“# Pro-Trump MAGACOIN crypto launch marred by website data breach ” The launch of a cryptocurrency developed by Donald Trump supporters last week has been marred by a website data breach. According to The Guardian, user information including IP addresses, email addresses and passwords were accessed via a poor security configuration on the project’s website….
“# Possible ‘white hat hacker’ exploits THORchain for $8M, proposes 10% bounty ” Cross-chain decentralized exchange THORChain has suffered its second multi-million-dollar hack in as many weeks, with $8 million worth of Ether impacted. However, the attack appears to have been carried out by a white-hat hacker, with THORChain announcing the perpetrator had requested a…
“# ThorChain loses $7.6M in ‘Chaosnet’ exploit, offers hacker a bounty to return funds ” Popular cross-chain decentralized exchange, ThorChain, has suffered a multimillion-dollar breach. Estimates as to the scale of the damage vary, with ThorChain revising the initial estimate that 13,000 ETH (worth $25.1 million) had been stolen down to 4,000 ETH (roughly $7.6…
“# Bondly Finance urges users to stop trading following alleged exploit ” Decentralized e-commerce platform Bondly Finance is the latest decentralized finance (DeFi) platform to suffer an alleged exploit. The developer team advised the DeFi community to stop trading Bondly, the platform’s native token, following a suspected exploit on July 15. Bondly Finance has yet…