Hackers steal $600m in major cryptocurrency heist from Poly Network

Hackers steal $600m in major cryptocurrency heist from Poly Network

In the largest cryptocurrency heist in history, hackers stole about $600m from Blockchain site Poly Network. Hackers exploited a vulnerability in Poly Network’s system and stole thousands of digital tokens such as Ether. Moreover, the attacker claimed to have hacked Poly Network for fun and undertook the attack as a challenge, Chainalysis said.

Read more: CAA plans helicopter flights for Skardu, Gilgit to promote tourism

On Twitter, the blockchain team urged the thieves to establish communication, return stolen assets. However, the attacker began sending back funds a few hours after the hack, first in small amounts and then in millions. Blockchain Forensics company Chainalysis reports that $261 million of the stolen funds have been returned by hackers. Additionally, the hacker said that he/she took the responsibility for exposing the vulnerability before insiders could exploit it.

Source: BBC

Related News

Russia Pakistan

Russia ready to provide cheap oil to Pakistan, if asked: Russian Consul General

Consul General of the Russian Federation in Karachi Andrey Fedorov has said that his country is ready to provide cheap oil to Pakistan if contacted by the Pakistani government. Russian Consul General Andrey Fedorov confirmed that the former prime minister Imran Khan discussed the trade of Russian oil during his visit to Moscow.

Pakistani 'foodpreneur'

Pakistani ‘foodpreneur’ makes history by receiving double honours from the Queen

A Pakistani ‘foodpreneur’ made history by receiving double honours from the Queen for his services with regards to business and charity during the Covid-19. Raja Suleman Raza, Chief Executive of the Spice Village, received the MBE (Member of the Order of the British Empire) on the occasion of the Queen’s Platinum Jubilee.

5 inspirational Pakistani women who are on a mission to make big differences to lives of people around them

Pakistan has some of the most resilient women, working day and night in their capacities to make big differences to lives of people around them. Working in diverse sectors from agriculture to health to technology, Pakistani women are making their mark in national and international front and contributing to Pakistan’s development. As part of International Women’s Day, we look at 5 inspirational Pakistani women who have taken small steps towards ensuring a better future for others around them.

Hashim Amla

Former South African batter, Hashim Amla to attend yearly Raiwind congregation

Former South African batter, Hashim Amla will be attending the religious congregation in Raiwind Tablighi Markaz. Currently, the legendary batter is in Pakistan where he performed his duty as a batting coach for the Peshawar Zalmi in the recently concluded Pakistan Super League 7. Hashim Amla is in Swat (KP) with scholars of Swat Tableeghi Markaz on the advice of Raiwind Markaz.