Close Menu
  • Home
  • News & Updates
  • Startup Stories
  • Funding News
  • CEO Story
  • Interviews
  • Magazine
Facebook X (Twitter) Instagram
StartUp InsiderStartUp Insider
  • Home
  • News & Updates
  • Startup Stories
  • Funding News
  • CEO Story
  • Interviews
  • Magazine
StartUp InsiderStartUp Insider
Home - News & Updates - Biggest cryptocurrency theft ever! Hackers stole Rs 4,465 crores from Poly Network
News & Updates

Biggest cryptocurrency theft ever! Hackers stole Rs 4,465 crores from Poly Network

Harsh VermaBy Harsh Verma13/08/2021Updated:03/12/20212 Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Highlights 

  • Hackers blew away cryptocurrencies worth Rs 4,465 crore
  • It is believed to be the most significant theft of cryptocurrencies ever
  • Stolen cryptocurrencies include Ether and other digital currencies

The craze for cryptocurrencies like Bitcoin, Dogecoin, Ethereum, and other cryptocurrencies is increasing worldwide, including India, but hackers have had an evil eye on this too. Hackers have stolen away cryptocurrencies worth $ 600 million, or about Rs, 4,465 crores, and are believed to be the most significant theft. The stolen cryptocurrencies include Ether and other digital currencies.

Poly Network, a company connecting different blockchain, stated on Twitter that some hackers had breached its security and have stolen away vast amounts of cryptocurrency worth $600 million in this hacking, which could be the most significant theft in the history of crypto. The company said that hackers attacked its network and then transferred large amounts of cryptocurrencies to its accounts.

Most significant theft in the history 

The company also shared the online addresses used by the hackers. It has asked the blockchain and crypto exchanges affected by this hacking to blacklist the tokens from these addresses. The Poly Network has also urged hackers to return the stolen cryptocurrencies. The company said that the amount hacked is the most significant theft in history and belongs to thousands of crypto community members.

Read More: Louis Vuitton chief Bernard Arnault overtakes Jeff Bezos to become world’s richest

Ethereum, the world’s second-largest cryptocurrency, is believed to be the most affected by this theft, and hackers have stolen $273 million worth of Ethereum. In addition, the hackers also transferred $253 million worth of Binance Smart Chain from Poly Network to their accounts. Thieves also stole up tether coins worth about $ 33 million, and as soon as the attack was detected, it was frozen by the issuer.

Money transferred to three accounts.

After the hackers stole the cryptocurrencies, they started sending them to their cryptocurrency addresses. According to SlowMist, a total of $61 million in cryptocurrency was transferred to three different addresses, which is the most significant theft ever in the decentralized finance or Defi space. Poly Network is a platform that allows users to exchange crypto tokens.

cryptocurrencies ethereum history poly network Theft
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Harsh Verma

Related Posts

10 Common Credit Card Mistakes and How to Avoid Them?

16/02/2024

How to manage your debts effectively with a Personal Loan?

17/01/2024

4 Reasons Why You Should Not Trust Insurance Adjusters

22/12/2023

Startup Efforts: Promoting Sustainability In The World Of Business

26/10/2023
What's Hot

A Fair Car Accident Settlement Includes These 6 Losses

29/04/2025

NUOS: Innovating Smart Home Automation with Touch and Intelligence

16/04/2025

Outsourcing on a Budget: How Small Businesses Can Negotiate Cost-Effective Contracts

15/04/2025
Follow Us on Google News


Tech magazine

Subscribe to Updates

Get the latest Business news from StartUp Insider about startup stories, funding news, CEO stories.

Welcome to StartupInsider, your go-to source for the latest news, insights, and analysis on startups and businesses in india. We are dedicated to providing you with accurate and up-to-date information that can help you navigate the ever-evolving landscape of entrepreneurship.

Content Us : media@startupinsider.in

Facebook X (Twitter) Instagram Pinterest YouTube Tumblr LinkedIn
Editors Picks

Mangal Paper Pvt. Ltd. (Mangal Group) Sets Industry Benchmark with Exceptional Sales Achievement

10/05/2024

Fueling the Future: Chennai based AI EdTech Startup KambGeeks Raises Pre-Seed Funding

30/04/2024

VedaOils – Emerging Brand In The Essential Oils Industries

04/04/2024

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

© 2025 StartUp Insider.
  • Home
  • About Us
  • Terms of Use
  • Privacy
  • Contact Us
  • Disclaimer

Type above and press Enter to search. Press Esc to cancel.