Space Travel News  
CYBER WARS
Record cryptocurrency heist valued at $600 mn
by AFP Staff Writers
San Francisco (AFP) Aug 10, 2021

A firm specializing in transferring cryptocurrency said Tuesday that hackers cracked its security, making off with a record-setting haul potentially worth $600 million.

Poly Network put out a plea for the stolen Ethereum, BinanceChain and OxPolygon tokens to be shunned by traders running "wallets" for storing cryptocurrency.

"The amount of money you hacked is the biggest one in the defi history," Poly Network said in a tweeted message to the thieves, using a reference to decentralized finance involving cryptocurrency.

"The money you stole are from tens of thousands of crypto community members."

Poly Network threatened police involvement, but also offered the hackers the chance to "work out a solution."

The US Department of Justice and FBI did not immediately respond to requests for comment.

"We are sorry to announce that #PolyNetwork was attacked" and assets transferred to hacker-controlled accounts, the company said in a series of tweets.

Poly Network posted online addresses used by the hackers, and called on "miners of affected blockchain and crypto exchanges to blacklist tokens" coming from them.

Poly Network did not reply to an AFP request for comment, but Twitter users weighed in with calculations valuing the hackers' haul at some $600 million.

As of the end of April, cryptocurrency thefts, hacks and fraud so far this year totaled $432 million, according to an analysis by CipherTrace.

"While this number may appear to be small when compared to previous years, a deeper look reveals an alarming new trend -- DeFi-related hacks now make up more than 60 percent of the total hack and theft volume," CipherTrace said in a posted report.

That compares to 2019, when defi hacks were virtually non-existent, according to CipherTrace.


Related Links
Cyberwar - Internet Security News - Systems and Policy Issues


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


CYBER WARS
Tech titans join US cyber team to fight ransomware
San Francisco (AFP) Aug 5, 2021
US cybersecurity officials on Thursday said Amazon, Google and Microsoft have enlisted to help them fight ransomware and defend cloud computing systems from hackers. The tech giants are among firms signed on to be part of a Joint Cyber Defense Collaborative intended to combine government and private skills and resources to fight hackers, according to the Cybersecurity and Infrastructure Security Agency (CISA). "With these extraordinarily capable partners, our initial focus will be on efforts to ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

CYBER WARS
CYBER WARS
Aviation Week awards NASA's Ingenuity Mars Helicopter with laureate

North-By-Northwest for Ingenuity's 11th Flight

Science in motion for ExoMars twin rover

Earthly rocks point way to water hidden on Mars

CYBER WARS
NASA study highlights importance of surface shadows in Moon water puzzle

Government watchdog denies protests of SpaceX's lunar lander contract

Bezos offers NASA a $2 billion discount for Blue Origin Moon lander

Apollo to Artemis: Drilling on the Moon

CYBER WARS
Hubble finds first evidence of water vapor on Ganymede

NASA Awards Launch Services Contract for the Europa Clipper Mission

Juno tunes into Jovian radio triggered by Jupiter's volcanic moon Io

Ride with Juno as it flies past Jupiter and Ganymede

CYBER WARS
Astronomers show how planets form in binary systems without getting crushed

Galileo Project to search for ET artifacts in galactic space

From the sun to the stars: A journey of exoplanet discovery begins

ALMA images moon-forming disk around alien world

CYBER WARS
Finding the cause of a fatal problem in rocket engine combustors

Rocket tanks of carbon fibre reinforced plastic proven possible

US watchdog upholds SpaceX's Moon lander contract

NASA performs field test of 3D imaging system for descent and landing

CYBER WARS
Shanxi company helps astronauts keep fit in space

China's space propaganda blitz endures at slick new planetarium

How Chinese astronauts stay healthy in space

China's five-star red flag flies proudly on red planet

CYBER WARS
SwRI team zeroes in on source of the impactor that wiped out the dinosaurs

Western leads global project observing rare meteor showers and meteorite falls

Red bodies similar to Kuiper objects found in main asteroid belt

Tail without a comet: the dusty remains of Comet ATLAS









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.