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Here’s what’s going on with Poly Network, one of the largest crypto hacks ever

A hacker stole more than $600m in crypto — but now they're trying to give it back

A hacker allegedly targeted a vulnerability between contracts on the platform's Poly chain on 10 August, allowing its assets to be redirected to their private crypto address
A hacker allegedly targeted a vulnerability between contracts on the platform's Poly chain on 10 August, allowing its assets to be redirected to their private crypto address Photo: Getty Images

Decentralised finance platform Poly Network was the target in what could be one of the largest cryptocurrency hacks to date, losing $611m to a single attacker — but they might be about to return all of the money.

Poly Network claims to be able to link up different blockchains into one place, so users could send crypto tokens from one network to another. For example, a user could transfer bitcoin to an Ethereum address via its platform.

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