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POLYNETWORK HACK : ‘CASA DE CRYPTO-PAPEI’ STYLE ?
10/08/2021: #FACT-CHECKING > Poly Network was Hacked or ‘Data-breached’ with over $600 millions worth of crypto-assets losses.
> It is already one of the ‘greatest Heist of ALL TIME, whatever the currencies or Ecosystems.
The CRYPTO-Heist, could be the result of a vulnerability between ‘smart contract calls’.
DIGITAL INFOWARS social media tactics, may have saved the day and the Loot?
There is a Full #PolynetworkDataBreach, Twitter thread available here !!
As per #Polynetwork Prime Infowar Tweet : Some $264 million were stolen on Ethereum, $250 million from the Binance Smart Chain, an additional $85 million on Polygon main chain.
The TWIST IN THE PLOT (As always in #CRYPTO !! ) came when the crypto-community prevented alleged Hackers from spending the loot, notably Paolo Ardoino, CTO of Tether (#USDT - stablecoin)
A NEW #CRYPTO-TUMBLER ?
Tether CTO Paolo Ardoino and “CRYPTO-ALLY”, blacklisted the hacker’s address, thus freezing the USDT loot, as the attackers attempted to deposit the stolen funds into Tumbled Finance. > Thus, Polynetwork is #ENCirclingTheEnnemy
But, the hacker still found a CRYPTO-GATEWAY and BROKE THE “COMMUNITY CRYPTO-CIRLE”, by transfering THE CRYPTO-BAG, in the shape of USDC funds into Curve’s stablecoin pool, making a recovery almost impossible.
What the CRYPTO-Hackers did is called > TUMBLING or FLIPPING your crypto assets to make them untrackable.
CUE: ANOTHER TWIST IN THE PLOT
A few hours following the attack, the ‘Dudes’ started communicating online with cryptos, via written notes attached to transactions on the Ethereum network. The hackers shoutout the idea of creating a new token and leaving the ‘hodlers’, and ‘Cyber-Hornets’, from the crypto community, to decide where the stolen monnies should go.
DAO = Decentralized Autonomous Organisations
THEN…. Before starting to return the funds, the surrendering hacker’ created a new token called “The hacker is ready to surrender” and sent it to Poly Network’s wallet.
The hackers then started transferring a mix of ‘Tumbled-UP’ crypto assets, over several transactions:
Shiba Inu Tokens, from India
Other stablecoins on Ethereum, like USDC, ..
and ultimately ….
…. the entire $600 M. Loot altogether, turning it into a seamless CASA del PAPEI (‘Money Heist’, on Netflix) episode !!
23/08/2021: The decision to return the funds, may also be down to:
The blockchain security firm #SLOWMIST, identifying key information about the hacker, such as an email address, IP information, whilst funds used to conduct the Data-Breach, were traced BACK, to the Hoo exchange, too…
Additionally, the Hackers got ton of messages of support online, from CRYPTO-bros and Sis’, and were offered a huge BUG BOUNTY of $500 K. for finding the alleged BUG onto the POLYGON NETWORK, and, and….and….. a JOB as cyber security support team for #POLYNETWORK !! :))-
WHAAAAAAT ?? …
Yeah… It’s… Just another day, in the #CRYPTO-SPACE, isn’t it ??
= THE MOST UNGUARDABLE ?? =
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--> Our CRYPTOCAST, known now as the GOAT of ALL CRYPTOCAST …. according to our FAN BASE… is not #HELIOCENTRIC 'isol Game' being played here....but rather a POSITION-LESS Game with a SMALL-BALL assymetric LINE-UP of CRYPTO-HOOPERS who can all be dangerous at any given #SHUGGING TIME (google that )
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