Cryptocurrency trading platform Poly Network was hacked again! At the time of writing, the hacker wallet "0xe0af... a599" still had assets worth $2.95 million. The hacker has issued and sold 94 billion Shiba Inu coins (SHIB) in exchange for 360 Ethereum, 495 million COOK coins in exchange for 16 Ethereum, and 1.5 billion RFuel coins in exchange for 27 Ethereum. The hacker also transferred some assets and 1 Ethereum to other wallets, and it is likely that there are other plans to sell or transfer.
Poly Network confirmed the news at around 2pm on the 2nd and suspended deposits, withdrawals and trading services on the platform. Slow Mist Technology's Chief Security Officer (@IM_23pds) also tweeted that they would help track down the hackers.
The wallet address used by hackers to store stolen illegal assets has been dispersed and transferred to other wallets. Photo Credit: DeBank
Hackers may not be able to sell all stolen illegal assets due to lack of liquidity
The hackers who attacked Poly Network obtained at least $42.1 billion worth of illegal assets. As early as the early morning of the 1st, they transferred the funds from the wallet address "0xe0af... a599" to more than 60 different wallets. There were records of using 8 platforms including Kucoin, FixedFloat, ChangeNOW, Tornado Cash, Uniswap, PancakeSwap, OpenOcean, and Wing. The hackers minted assets from 10 blockchains including Ethereum, BNB Chain, Avalanche, Polygon, Heco, Metis, Gnosis, FTM, Arbitrum and Optimism.
Hackers have stolen at least $42.1 billion in illegal assets in this attack on Poly Network. Photo Credit: DeBank
It is known that most illegal assets are currently concentrated on the Ethereum Layer2 protocol Metis. Metis pointed out that the hackers have no available liquidity to sell the newly minted BNB and BUSD on the platform. All METIS tokens minted through PolyBridge have been locked on the BNB chain by PolyNetwork. Metis guarantees that the assets on the Metis Andromeda mainnet are safe.
Metis mentioned that the hackers are currently unable to cash out the stolen assets. Photo Credit: Metis
According to statistics, hackers minted at least 10 different assets from the blockchain:
99,999,184 BNB and 10 billion BUSD were issued on Metis.
999.8127T SHIB, 87,579,118 COW and 999,998,434 OOE were additionally issued on Heco.
636,643,868 STACK, 88,640,563 GM and 2,175,053 03 were additionally issued on Polygon.
378,028,371 STACK, 82,854,568 XTM and 11,026,341 SPAY were issued on Ethereum.
89,383,712 GM were issued on Avalanche.
8,882,911 METIS, 926,160,132 DOV, and 978,102,855 SLD were additionally issued on BSC.
In August 2021, Poly Network was hacked and lost $610 million in assets, which became the largest attack in the DeFi field at that time. The hacker also returned $260 million to Poly Network.
CZ: It will not affect Binance users' deposits and withdrawals, and we are already assisting in the investigation
Binance CEO Changpeng Zhao responded on Twitter early in the morning of the 2nd that the hack of Poly Network will not affect Binance users because Binance does not support Poly Network's services, but revealed that it has currently assisted in the investigation.
CZ said Binance has already started investigating the Poly Network hack. Photo Credit: CZ
by：AS_CryptoSniper