Hackers wipe over $600m off crypto platforms

Hackers have wiped off crypto worth $610m across three chain this week.

The platforms include Binance Chain, Ethereum, and the Polygon network, according to Coin Telegraph on Tuesday.

The hackers flipped about $273m from ETH, $85m in USD Coin from the Polygon network, and $253m from Binance Smart Chain.

The Poly Network, a cross chain protocol in charge,  said it would pursue legal actions against the hackers, and get  back the stolen funds.

It also asked miners on the affected chains, and crypto exchanges to blacklist tokens coming from the affected addresses.

The crypto space has since responded since news of the hack broke out. OKEx Chief Executive Officer, Jay Hao, said his exchange’s team was watching the flow of coins and would try to manage the situation.

Tether Chief Technology Officer, Paolo Ardoino, said the project had frozen $33m in Tether from one of the affected addresses.

Binance Chief Executive Officer, Changpeng Zhao, said Binance was coordinating with security partners to help with the hack.