$600 Million

Binance-Backed BNB Smart Chain Paused Over Potential Multi-Million Dollar Exploit, Token Slides 4%

October 7, 2022 Bitcoin.com

$600 Million

On Thursday, 6:19 p.m. (ET), the official Twitter account for the Bnb Smart Chain explained that the team was temporarily pausing the blockchain, after citing that it noticed irregular activity. Sources say that more than $600 million in Bnb tokens were reportedly stolen from the chain’s cross-chain bridge. The Bnb Smart Chain team detailed on […]

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Angel Investor: Multichain a Stopgap, Future Lies in Advanced Protocols

Sequoia Capital Designates $500-600 Million to Crypto Fund Focused on Liquid Digital Assets

February 18, 2022 Bitcoin.com

$500 million

On February 17, the venture capital firm Sequoia Capital announced the launch of a new $500 million to $600 million sub-fund dedicated to “liquid tokens and digital assets.” The company noted during its announcement that the new fund highlights Sequoia’s strategic “commitment to crypto.” Venture Firm Sequoia Capital to Launch a Fund Focused on Liquid […]

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Angel Investor: Multichain a Stopgap, Future Lies in Advanced Protocols

Poly Network Says Stolen User Assets on ETH Have Been Returned, Except Frozen USDT

August 13, 2021 Bitcoin.com

$600 Million

On Friday, a few days after the initial hack for $611 million, the Poly Network project detailed that the company has obtained all the assets stolen minus the frozen tether that was blacklisted by Tether Limited. The Poly Network team said they are in control of the funds along with “Mr. White Hat,” but the […]

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Angel Investor: Multichain a Stopgap, Future Lies in Advanced Protocols

Poly Network Hacker Says ‘In the Defi World Code Is Law’ While Returning Millions in Defi Tokens

August 12, 2021 Bitcoin.com

$600 Million

Two days after the notorious Poly Network hack, the hacker continues to send funds back to the project. On August 12, the Poly Network hacker so far has returned millions worth of ether, thousands of uni tokens, 1,032 wrapped bitcoins, and 96 million in stablecoins. The day prior, after returning $260 million in tokens, the […]

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Angel Investor: Multichain a Stopgap, Future Lies in Advanced Protocols

Poly Network Defi Hacker Returns a Large Fraction of Tokens, Chainalysis Evaluates Hacker’s Onchain Movements

August 12, 2021 Bitcoin.com

$260 Million

On August 11, the blockchain intelligence firm Chainalysis published its findings on the recent Poly Network hack which saw the loss of approximately $611 million crypto tokens. The assessment from Chainalysis backed up the claims made by the security company called Slowmist that shows the hacker left a fingerprint on the relatively unknown exchange Hoo.com. […]

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Angel Investor: Multichain a Stopgap, Future Lies in Advanced Protocols

Poly Network Hacker Returns $4.7M in Funds — Attacker Asks Devs to Unlock Frozen Tether Stash

August 11, 2021 Bitcoin.com

$4.7 Million

On Tuesday, the decentralized finance (defi) project Poly Network was hacked for over $600 million in digital assets. The attack was the largest defi hack to date eclipsing all of 2021’s defi hacks combined. The very next day, however, the hacker started to send funds back to the Poly Network team as the project’s official […]

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Angel Investor: Multichain a Stopgap, Future Lies in Advanced Protocols

Poly Network Hacked for More Than $600 Million — Hacker Trolls Project Saying ‘It Could Have Been a Billion’

August 10, 2021 Bitcoin.com

$600 Million

On August 10, the decentralized finance (defi) project Poly Network suffered a loss of over $600 million according to various reports. The hack follows a recent Ciphertrace report on how defi-related hacks and fraud in 2021 have already surpassed 2020. The Poly Network hack on Tuesday is well above the entire year’s worth of defi […]

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Angel Investor: Multichain a Stopgap, Future Lies in Advanced Protocols