THELOGICALINDIAN - Around 100 PM UTC the official Twitter handle for Poly Network appear an advance on their belvedere consistent in one of the affliction attacks on DeFi back its birth The hacker managed to alteration over 600 actor in assets to Polygon Ethereum and Binance Smart Chain BSC addresses
According to their website, PolyNetwork is a agreement congenital to accomplish beyond assorted blockchains to accomplish affairs with their Decentralized Exchange (DEX), lending and borrowing, and stablecoin based services. The belvedere has been chip with Bitcoin, Ethereum, BSC, Ontology, Elrond, Ziliqa, and others.
Poly Network alleged on miners, crypto exchanges, and added entities to banish the funds in stablecoins and DeFi tokens which included Wrapped Bitcoin (WBTC), Wrapped Ethereum (WETH), RenBTC, DAI, UNI, Shiba Inu (SHIB), FEI, USD Coin (USDC), Tether (USDT).
The drudge took abode on an interoperable blockchain doubter trading basin congenital with O3 Labs, alleged O3 Swap. Poly Network added:
Although the hacker auspiciously managed to move the funds, some entities, such as Tether, responded to Poly Network’s alleged and blacklisted allotment of the assets. The antagonist attempted to “launder” the boodle application Curve and added DeFi protocols, but some of the affairs bootless because the blacklisted USDT was acclimated in the transactions.
A association affiliate with the name “Hanashiro.eth” warned the hacker about application USDT via a bulletin on a transaction and accustomed $42,000 or 13.37 ETH from an abode affiliated to the “PolyNetwork Exploiter”, as apparent below. Many others approved to aid the hacker in an attack to accept a accolade and started apropos to the hacker as “Etherhood”.
DeFi Hacker Identified After Stealing Funds From Poly Network?
The antagonist managed to catechumen a ample allocation of the funds, except for the centralized stablecoins. Poly Network published the afterward bulletin aggravating to authorize a advice approach with the hacker and retrieve allotment of the DeFi tokens:
Shortly after, aegis close SlowMist published a address claiming that they accept articular the attacker’s mailbox, IP, and accessory fingerprint. The close allegedly acclimated on-chain and off-chain abstracts to clue the hacker with the advice of their ally and barter platforms.
Other letters claimed that the DeFi funds were angry to centralized entities. Thus, it was accessible to clue bottomward the attacker. Via a bulletin ascribe in a transaction, the hacker said:
At the time of writing, ETH trades at $3080 with a 2.3% accident in the circadian chart.
