Cryptocurrency trading platform Poly Network was hacked again! Before the deadline, the illegal gains of the hacker wallet "0xe0af...a599" still had assets worth US$2.95 million. Among them, the hacker had issued and sold 94 billion Shiba Inu coins (SHIB) in exchange for 360 Ethereum coins, and sold 495 million COOK coins in exchange for 16 Ethereum coins. Ethereum, selling 1.5 billion RFuel coins in exchange for 27 Ethereum coins. The hacker also transferred some assets and 1 Ethereum to other wallets, and may have other plans to sell or transfer them.
Poly Network confirmed the news at around 2 pm on the 2nd and suspended platform deposits, withdrawals and trading services. The chief security officer of Slow Mist Technology (@IM_23pds) also tweeted that he would help track down the hackers.
Hackers may not be able to get rid of all stolen illegal assets due to insufficient liquidity.
The hackers who attacked Poly Network obtained at least approximately US$42.1 billion worth of illegal assets. As early as the early morning of the 1st, they successively transferred money from the wallet address "0xe0af...a599" to more than 60 different wallets, and some used Kucoin, FixedFloat, Records from 8 platforms including ChangeNOW, Tornado Cash, Uniswap, PancakeSwap, OpenOcean, and Wing. Hackers minted a total of 10 blockchains from Ethereum, BNB Chain, Avalanche, Polygon, Heco, Metis, Gnosis, FTM, Arbitrum and Optimism. assets.
It is known that most illegal assets are currently concentrated on the Ethereum Layer 2 protocol Metis. Metis pointed out that the BNB and BUSD newly minted by hackers on the platform have no available liquidity for them to sell. All METIS tokens minted through PolyBridge have been banned by PolyNetwork. Locked on the BNB chain, Metis ensures that the assets on the Metis Andromeda mainnet are safe.
According to statistics, hackers minted at least 10 different assets from the blockchain:
An additional 99,999,184 BNB and 10 billion BUSD were issued on Metis.
An additional 999.8127T SHIB, 87,579,118 COW and 999,998,434 OOE were issued on Heco.
An additional 636,643,868 STACK, 88,640,563 GM and 2,175,053 03 were issued on Polygon.
An additional 378,028371 STACK, 82,854,568 XTM and 11,026,341 SPAY were issued on Ethereum.
An additional 89,383,712 GM were issued on Avalanche.
An additional 8,882,911 METIS, 926,160,132 DOV, and 978,102,855 SLD were issued on BSC.
In August 2021, Poly Network was hacked and lost US$610 million in assets, becoming the largest recorded attack in the DeFi field at that time. At that time, the hacker also returned US$260 million to Poly Network.
CZ: It does not affect deposits and withdrawals of Binance users and is assisting in the investigation.
Binance CEO Changpeng Zhao tweeted in response on the early morning of the 2nd that the Poly Network hacking incident will not affect Binance users because Binance does not support Poly Network services, but revealed that it is currently assisting in the investigation.
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