livingfree
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August 12, 2021, 10:49:40 PM |
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With such an incident (security system hacking), it should be a lesson for anyone to always be aware of the account security system. Because account security is very important in all areas of work.
It is important. But some news got account related to this hacking incident. And that's a good news but still those hackers stole a huge money but who knows what will be the effect of this with those people hunting them. Hacker Returns Nearly All $600 Million Stolen In Ethereum, Other Tokens After Major Crypto Heist
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asriloni
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August 12, 2021, 11:14:20 PM |
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Are the hackers really returned the hacked amount? That’s too impossible since they work to hacked the system and yet they’ll return it?
You can check it first before arguing it would not impossible or not. As long as the funds were still in the hacker's wallet and it can be sent to the anywhere try to take a look at this https://twitter.com/PolyNetwork2/status/1425509322126024708?s=20You can track whole of address that already published by polynetwork
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Traderbtcc
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August 12, 2021, 11:15:44 PM |
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The news is everywhere, this is one risk DeFi still faces and it most likely one of the reasons why most people avoid it, when u hear things like this I feel bad cause it will only prolong the mass adoption of cryptocurrency, any normal individual who would hear such news would now be afraid of investing in any cryptocurrency, he will be afraid since he wouldn't like to lose his money to any hacks, security in the crypto space should be taken seriously, things like this shouldn't be happening I heard they use 03LABS cross Chain Bridge, if only they made use of the trustless rainbow bridge on Near Protocol, things like this wouldn't have happened since it is well secured.
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Reid
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August 12, 2021, 11:31:08 PM |
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I just recently read the whole thing too (although someone already posted about this days ago) and was shocked about the converted amount of money that was taken. A recent update tells $260M of funds was already sent back because the hacker just did it "for fun". Not new, he did tip that in the comment section of the transaction that he doesn't care about the money. Why attacks? It's a good thing and a bad thing. Good thing is to enhance their security to avoid the next attack. The bad thing is if the hacker won't give it back and the purpose is really for money. Exchanges mostly propose hackathon events to see if their security is enough or if it needs to be tightened.
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senyorito123
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August 12, 2021, 11:31:16 PM |
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The news is everywhere, this is one risk DeFi still faces and it most likely one of the reasons why most people avoid it, when u hear things like this I feel bad cause it will only prolong the mass adoption of cryptocurrency, any normal individual who would hear such news would now be afraid of investing in any cryptocurrency, he will be afraid since he wouldn't like to lose his money to any hacks, security in the crypto space should be taken seriously, things like this shouldn't be happening I heard they use 03LABS cross Chain Bridge, if only they made use of the trustless rainbow bridge on Near Protocol, things like this wouldn't have happened since it is well secured.
Maybe they're having a lose security and I suspect that there might be a sabotage happening between their staff and other key factorss that contribute to the security breaching that existed. On this situations, it brought everyone to come with fear specially the dedicated investors of Polynetwork which now merely affected because of this very serious disaster.
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kurniawan05
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August 12, 2021, 11:32:36 PM |
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Anyway no need to worry about this hack since the hacker refund back the $600 million to Polygon, probably the hacker has been identified and not want to be jailed.
I'm a little confused, is a polynetwork project the same as a polygon project? Are these not two different projects? Hopefully the guy who hacked really got back the $600 million he stole.
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Johnyz
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August 12, 2021, 11:34:40 PM |
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There's already existing topic with same discussion here, kindly to lock your topic https://bitcointalk.org/index.php?topic=5353878.0
Anyway no need to worry about this hack since the hacker refund back the $600 million to Polygon, probably the hacker has been identified and not want to be jailed. That’s a good thing, maybe an inside job and since this is blockchain technology, the team knows already who did this incident. Still, the system of Polynetwork is not that strong since the hackers was still able to get the money from them, they should improve it and do everything to secure the system.
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Alf_m.h
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August 12, 2021, 11:52:50 PM |
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it proves the vigilance of the poly network must be careful there, they must strengthen the network so that they do not happen in the future, which results in huge losses to consumers.
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evichi
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August 12, 2021, 11:58:30 PM |
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It is a very serious incident and very unfortunate. It is also discouraging to those aiming to enter into crypto currency space. It is a warning signal to all owners of crypto platforms to find out ways to prevent hacking of their platforms. Owners of crypto platforms must ensure they make serous efforts to secure the public funds entrusted in their care.
On the other hand, I also read that the hackers returned the funds and did it for fun. This is a rare incident for hackers to return stolen funds! In my opinion, security should be one of the important features of any crypto platform holding public funds.
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gwdf1
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August 13, 2021, 02:19:35 AM |
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As I know, this hacker has already returned the whole sum of money. It was the biggest hack ever, but the hacker wasn’t interested in money. He seems to be like Robin Hood. He wanted to point out the vulnerability for devs to fix it. And I hope that developers will mend their smart-contract. Talking about this hacker, I am shocked that there are such people who work just for the idea and want to improve this system.
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smartaction
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August 13, 2021, 02:29:26 AM |
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This is a sad thing for the crypto world. But I it happened because of PolyNetwork's weak security. So I think the security system of the polynetwork should be further improved so that such incidents do not happen again in the future.
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killerfrost
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August 13, 2021, 02:42:14 AM |
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Although I don't follow this scandal much, I find this to be a really memorable moment for the crypto market. Although a lot of fake news put out, I find that the HACKER attack on this field is also an inevitable part, because we are living in a technology system of the future. And the attacks will make us stronger, but it seems things have calmed down again.
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Srikanth Varma
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August 13, 2021, 08:58:00 AM |
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Yesterday we took a calmer look at the PolyNetwork hack, and it seems our calmness has been vindicated. After security firm Slowmist got the hacker's ID, he has already returned more than $256 million, creating a token called 'the hacker is ready to surrender' and sending it to a polygon address! A few hours later, after speaking to the Poly Network team in encoded messages, the hacker sent back nearly all of the assets on Binance Smart Chain. They sent over 1,000 more BTCB ($46.4 million), 26,629 ETH ($86 million) and $119 million in the stablecoin BUSD. The only assets remaining on this chain are 6,613 BNB ($2.6 million). The big story in this hack shouldn't be how much was stolen, but how quickly crypto sleuths followed the digital footprints, in a scene straight from the movies, and tracked down the hacker's IP information. There is only one failsafe protection against crypto security risk, and financial risk in general: and that is knowledge. The crypto phenomenon is here to stay, so arm yourself with useful information, it will demystify the risks to make you less anxious, give you simple basic steps to safely navigate the ecosystem, and show you where to reliably turn if something ever goes wrong. Subscribe to this channel and we'll do it for you in under a minute each day!
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trannguyenbtc
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August 13, 2021, 09:54:17 AM |
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Proponents of DeFi say it offers people and businesses free access to financial services, arguing that the technology will cut costs and boost economic activity. But technical flaws and weaknesses in their computer code can make them vulnerable to hacks.
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▆▆▆▆▆▆ [PESP COIN] ▆▆▆▆▆▆ People's Easy and Secure Payment Coin https://www.pespcoin.org/
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Wicked17
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August 13, 2021, 10:39:49 AM |
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Unfortunate, those hackers are really looking for potentital crypto platform thats so vulnerable for a glitch or a so called hacking. This is just an indication to tell us that technology played a vital part that gives us hope and of course worries like this.
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coin-investor
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August 13, 2021, 10:43:35 AM |
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Unfortunate, those hackers are really looking for potentital crypto platform thats so vulnerable for a glitch or a so called hacking. This is just an indication to tell us that technology played a vital part that gives us hope and of course worries like this.
Thye are good at hacking but bad as criminals, they cannot sustain and complete their works, the developers are only demanding and threatening but they panic and return their loot, but we should not become comfortable and relax with these hackers they are not going to stop and will map out an escape route, so they will get traced.
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livingfree
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August 13, 2021, 10:50:55 AM |
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Although I don't follow this scandal much, I find this to be a really memorable moment for the crypto market.
Every hack that happens in cryptocurrencies, exchange or any related services are always in the trend and going to be part of the history which makes it memorable. Although a lot of fake news put out, I find that the HACKER attack on this field is also an inevitable part, because we are living in a technology system of the future. And the attacks will make us stronger, but it seems things have calmed down again.
It has calmed down again after the hacker has returned near to the actual amount that was hacked.
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aemma
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August 13, 2021, 10:58:39 AM |
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This was a bad news as the amount was huge and then again, the hacker started returning the funds which is now a sort of good news for PolyNetwork and I believe they have learnt and will pay more attention on their security. Also, i think another Defi projects was hacked recently which brings the question of how secure are Defi platforms, because if these platforms can't provide more security to users then I wonder the fate of such users. I believe that in addition to trying hard to offer a lasting use case, project team should also pay more and closer attention on their security, because a security breach is big enough to render a project useless. It's good the hacker is returning the funds as that is a good news for the entire market because of the amount, let other Defi projects update their security because that is the most important.
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Jercyhora2
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August 14, 2021, 08:20:18 PM |
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I just thought, because of such circumstances, people who know about Computer Codes are really better when it comes to crypto. The kind of level of knowledge that can read computer codes by itself. So there is a good chance that he will see or read the possible weaknesses of the security foundation created by a group of developers. Unlike me, who knows nothing about computer language and only bases on the background of the developer teams behind a project.
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cryptomaniac_xxx
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August 14, 2021, 09:41:13 PM |
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Unfortunate, those hackers are really looking for potentital crypto platform thats so vulnerable for a glitch or a so called hacking. This is just an indication to tell us that technology played a vital part that gives us hope and of course worries like this.
Thye are good at hacking but bad as criminals, they cannot sustain and complete their works, the developers are only demanding and threatening but they panic and return their loot, but we should not become comfortable and relax with these hackers they are not going to stop and will map out an escape route, so they will get traced. They return their loot because there is a big chance that they can be traced because of the mistakes they did, depositing some of it on a centralized exchange in which they can be identified through their ip address or even with their personal information. So that is their biggest mistakes and the only way to somewhat lessen the burden is to give back the money they stole and hide.
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