$610 Million Defi Hack: Why didn’t Binance and Circle Freeze Hacker Account?

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Poly Network became the victim of the largest Defi hack in crypto history as hackers managed to drain $610 million worth of assets on Binance Smart Chain (BSC), Ethereum (ETH), and Polygon. As per the latest development, the hacker behind the attack has agreed to return the fund and has demanded a secure multi-sig wallet from the Poly Network.

SlowMist, a blockchain analytic firm that managed to get hold of the hacker’s IP address and digital fingerprint discovered that the hacker’s initial source of funds was Monero (XMR), and then changed to BNB/ETH/MATIC and other coins in the exchange and withdrew the coins to 3 addresses. The forensic group summarised the attack as
“This attack is mainly because the keeper of the EthCrossChainData contract can be modified by the EthCrossChainManager contract, and the verifyHeaderAndExecuteTx function of the EthCrossChainManager contract can execute the data passed in by the user through the _executeCrossChainTx function. Therefore, the atta

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Źródło: https://coingape.com/610-million-defi-hack-why-didnt-binance-and-circle-freeze-hacker-account/

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