Defi Interoperability protocol Poly Network suffered a major hack across Binance Binance Smart Chain (BSC), Ethereum (ETH), and Polygon. A total of $610 million worth of assets were transferred to three different addresses on mentioned blockchains. This could be potentially the largest defi hack in history. The previous largest crypto hack came in the form of Coincheck exchange’s $530 million loss.
Important Notice:We are sorry to announce that #PolyNetwork was attacked on @BinanceChain @ethereum and @0xPolygon Assets had been transferred to hacker’s following addresses:ETH: 0xC8a65Fadf0e0dDAf421F28FEAb69Bf6E2E589963BSC: 0x0D6e286A7cfD25E0c01fEe9756765D8033B32C71
— Poly Network (@PolyNetwork2) August 10, 2021
The attack surfaced when the largest cross-chain defi protocol O3 had difficulty in processing $150 million worth of transactions. Wu Blockchain first reported the potential hack when the O3 protocol had issues processing funds worth hundreds of millions of dollars. O3 p
