Following yesterday’s startling Poly Network cross-chain protocol compromise, additional information has come to light that sheds light on the bold attackers’ activities. Famous cryptocurrency writer Colin Wu has revealed important data about the event, citing information from the crypto intelligence service Beosin Alert.
Data indicate that hackers from Poly Network were able to swap 5,196 ETH, or almost $10.1 million, on the Ethereum network. The limited liquidity of the other coins involved, which are worth at a whopping $260 million, however, limits their potential gain.
As a result, even if the attackers were successful in withdrawing millions of dollars’ worth of Ethereum, their strategy to profit from the other stolen assets is severely hampered by a lack of liquidity.
The suspension of Poly Network’s services following the attack has also been declared, according to Wu’s report from today. The enormity of the problem is demonstrated by the fact that the security breach has affected a total of 57 assets on 10 distinct blockchains.
What happened with Shiba Inu (SHIB)?
A staggering 94 billion Shiba Inu (SHIB) tokens were stolen in yesterday’s protocol attack, along with other priceless assets. On the Heco network, the attackers shockingly released 999 trillion SHIB tokens. According to a number of reports, the stolen SHIB tokens were converted to Ethereum on the decentralised market Uniswap and then withdrew in the form of dollars via a number of centralised platforms.
