Biggest DeFi Hack Ever? Cross-Chain Protocol Poly Network Drained of More Than $600 Million

Cross-chain decentralized finance protocol Poly Network has lost more than $611 million as the result of an exploit.    

The aforementioned figure possibly makes this the biggest DeFi hack to date.  

Important Notice:
We are sorry to announce that #PolyNetwork was attacked on @BinanceChain @ethereum and @0xPolygon Assets had been transferred to hacker's following addresses:
ETH: 0xC8a65Fadf0e0dDAf421F28FEAb69Bf6E2E589963
BSC: 0x0D6e286A7cfD25E0c01fEe9756765D8033B32C71

— Poly Network (@PolyNetwork2) August 10, 2021

The hacker behind the attack has transferred the stolen assets to addresses on Ethereum, Binance Smart Chain, and Polygon.

Since Poly Network ensures interoperability between different blockchains, it's hard to estimate the whole scope of the hack.

Poly Network is urging miners and exchanges to blacklist the wallets associated with the attack.

The operators behind the protocol promise to take legal action against the bad actor.

This is a developing story. Stay tuned for updates.