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The Poly Network heist: here’s how it played out and what we learned
- Thursday | 12th August, 2021
What is Poly Network? According to specialist crypto website Coindesk, Poly Network was launched by the founders of Chinese blockchain project Neo. Poly Network tweeted on Tuesday that a preliminary investigation found the hackers exploited a vulnerability in this smart contract. These were later traced and published by Poly Network. As of late Wednesday, the hackers had returned $260 million of the assets, Poly Network said, but $353 million was outstanding.
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