Poly Network suffered losses of $600 million in digital tokens due to one of the most severe hacking attacks.
Poly Network, which is a decentralized finance platform (DeFi), reported the hack on Twitter. The company posted the details of the digital wallets from which the money was transferred. They also asked users to denylist these addresses.
According to The Block, the total value of tokens in wallets at the time of announcement was just over $600 million.
The cryptocurrency community reacted positively to this development and expressed its support for it. The CEO of OKEx, Jay Hao, promised the victims of theft that his company would investigate the matter.
Poly Network has not responded to a request for further information regarding the incident. Poly Network could not immediately provide comment as to the exact location of the platform or whether law enforcement agencies were involved in the investigation.
Poly announced that it would pursue legal action and promptly urged hackers to return funds stolen from several digital accounts.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.