Unexpected turn of events in the biggest crypto theft in history. Now the hacker or hackers say that they had never intended to steal them …
It appears that the biggest cryptocurrency theft in history will have a happy ending, although some experts have doubts that that ending is the true one.
On August 11, cybercriminals stole $ 600 million in cryptocurrency from Poly Network , a decentralized finance provider that allows users to transfer tokens between networks. This is the biggest crypto theft in history .
According to Reuters , he or the hackers took advantage of a vulnerability in the system that changes tokens from one blockchain to another, to steal them.
Stealing cryptocurrencies from within the blockchain is almost impossible , because thousands of computers would have to be hacked at the same time.
This is why hackers steal the individual wallets that contain them, or exploit bugs in the processes of transferring cryptocurrencies from one site to another.
All token movement operations (currency units) are recorded. But who owns them is an anonymous piece of information , almost impossible to trace. It is one of the strengths of cryptocurrencies, and also the biggest problem if they are stolen.