The most important hack in crypto historical past has a cheerful ending, however probably the most sudden is the explanation for this billion-dollar assault

Lastly, the most important hack in crypto historical past has a fairy story glad ending. In response to knowledge from the Poly Community protocol pockets, greater than $142 million of the final cryptocurrency on the Ethereum chain was returned to victims by hackers on Thursday.

Lastly, probably the most damaging assault ever within the cryptocurrency world ended with nearly negligible injury. At this level, many individuals will marvel, why hackers must assault and trigger such nice injury to Poly Community however ultimately get nothing?

  The biggest hack in crypto history has a happy ending, but the most unexpected reason is the reason for this billion-dollar attack - Photo 1.

Within the ETH transfers, the hacker hooked up a DIY Query and Reply sheet, which acknowledged that the explanation for the assault on Poly Community was as a result of hacking into blockchain cross-linking protocols is gaining popularity. must be energetic within the safety business.

In response to the reason within the Query and Reply desk, regardless that a critical vulnerability has been present in Poly Community’s system, hackers don’t wish to report back to the corporate when they don’t imagine that their workers can stand the temptation. This vulnerability may have allowed them to steal 1 billion USD with out anybody with the ability to cease it, so this hacker determined to take motion first – switch that cash and use it as a warning to Poly Community.

  The biggest hack in crypto history has a happy ending, but the most unexpected reason is the reason for this billion-dollar attack - Photo 2.
  The biggest hack in crypto history has a happy ending, but the most surprising reason is the reason for this billion-dollar attack - Photo 3.

A part of the Q&A that hackers embed in cryptocurrency refund transactions

Moreover, this hacker can also be involved that, if he doesn’t switch the doubtless hacked cryptocurrency tokens quickly, different hackers may uncover this vulnerability and assault it.

Holding an quantity of greater than $ 600 million, however once more, this hacker nonetheless claims he “does not care about cash”, so after that, this cash was returned to Poly Community. The refund of this cash took so lengthy as a result of the hacker wanted time to contact the Poly Community crew and decide if his id was uncovered.

Both approach, the incident ended with a cheerful ending. Maybe Poly Community has lastly acknowledged the hacker’s contribution to his firm when it determined to reward him with $500,000 for “white hat habits.”

Nguyen Hai

Regulation & readers

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