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SVTPerformance's Chain of Restaurants
Road Side Pub
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<blockquote data-quote="Weather Man" data-source="post: 16665298" data-attributes="member: 137766"><p>Plenty of smart people are not ignoring you. The crooks want it all.</p><p></p><h3>Cross-chain Poly Network hacked for $600M+, Ether turns negative</h3><p>Aug. 10, 2021 1:20 PM</p><ul> <li data-xf-list-type="ul">The blockchain cryptocurrency Ethereum (<a href="https://seekingalpha.com/symbol/ETH-USD?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">ETH-USD</a>) edges lower by 2.4% on Tuesday after cross-chain protocol Poly Network was<a href="https://twitter.com/PolyNetwork2/status/1425073987164381196" target="_blank"> hacked</a> for $611M, the <a href="https://www.theblockcrypto.com/post/114045/at-least-611-million-stolen-in-massive-cross-chain-hack" target="_blank">largest DeFi hack</a> to date, The Block reports.</li> <li data-xf-list-type="ul">The Poly Network is a protocol used to trade tokens among a variety of blockchains.</li> <li data-xf-list-type="ul">Apparently, the root cause of the hack was a cryptography issue, which is not usually the case, The Block reports, citing The Block Research's Igor Igamberdiev.</li> <li data-xf-list-type="ul">Assets that were stolen in the hack include $273M of Ethereum tokens, $253M of Binance Smart Chain tokens, and $85M in USCoin (<a href="https://seekingalpha.com/symbol/USDC-USD?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">USDC-USD</a>) on the Polygon Network.</li> <li data-xf-list-type="ul">As a result, Tether blacklisted its centralized stablecoin USDT on Ether that was stolen in the hack, or ~$33M in tokens, which means they can no longer be moved.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16665298, member: 137766"] Plenty of smart people are not ignoring you. The crooks want it all. [HEADING=2]Cross-chain Poly Network hacked for $600M+, Ether turns negative[/HEADING] Aug. 10, 2021 1:20 PM [LIST] [*]The blockchain cryptocurrency Ethereum ([URL='https://seekingalpha.com/symbol/ETH-USD?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']ETH-USD[/URL]) edges lower by 2.4% on Tuesday after cross-chain protocol Poly Network was[URL='https://twitter.com/PolyNetwork2/status/1425073987164381196'] hacked[/URL] for $611M, the [URL='https://www.theblockcrypto.com/post/114045/at-least-611-million-stolen-in-massive-cross-chain-hack']largest DeFi hack[/URL] to date, The Block reports. [*]The Poly Network is a protocol used to trade tokens among a variety of blockchains. [*]Apparently, the root cause of the hack was a cryptography issue, which is not usually the case, The Block reports, citing The Block Research's Igor Igamberdiev. [*]Assets that were stolen in the hack include $273M of Ethereum tokens, $253M of Binance Smart Chain tokens, and $85M in USCoin ([URL='https://seekingalpha.com/symbol/USDC-USD?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']USDC-USD[/URL]) on the Polygon Network. [*]As a result, Tether blacklisted its centralized stablecoin USDT on Ether that was stolen in the hack, or ~$33M in tokens, which means they can no longer be moved. [/LIST] [/QUOTE]
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