Poly Network hacked for $611M

according to multiple sources, reporting here is done by The Block. About a one minute read.

Comment: wow complicated story. A deficient smart contract operating across two blockchains, when I first woke up they had been hit for roughly $300M. Had lunch and now this.

Bitcoin fixes this (sorry, had to say it and no, this can’t happen to a cryptocurrency).

Wow who knew exploiting Smart Contract Risk would be so lucrative?

Biggest DeFi Hack? PolyNetwork Exploited for $600M in ETH, BNB, and USDC

PolyNetwork has become the latest victim to hackers with a record-breaking amount of over $600 million stolen.

Live Twitter thread about the hack; author claims to have identified the vulnerability in cross chain contracts that was exploited.