Home News Mr. White Hat Controls Poly Network’s User Assets for Fun!

Mr. White Hat Controls Poly Network’s User Assets for Fun!

In one of its kind, and the largest DeFi attack, Poly Network was hacked and robbed of around $600 million crypto tokens.

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Poly Network
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Reported as the largest Decentralized Finance (DeFi) Platform hack, Poly Network is the most recent addition to the high value list of victims of crypto attack. It was robbed of around $600 million crypto tokens.

Poly Network is a blockchain system that provides a platform for cross-chain interactive services. It allows authorized homogeneous and heterogeneous public blockchains to connect to Poly Network through an open, transparent admission mechanism and communicate with other blockchains.

Going by the name Mr. White Hat, the hacker stole approximately $600 million in bitcoins from the Poly platform and took control of the user assets. According to Twitter updates the company shared that, less than 48 hours into the hack, the stolen tokens were being returned.

The company first announced the breach on 10th August on its official twitter handle @PolyNetwork2

The post read:

Important Notice: We are sorry to announce that #PolyNetwork was attacked on @BinanceChain @ethereum and @0xPolygon Assets had been transferred to hacker’s address.