$600m in cryptocurrencies swiped from Poly Network servers after security snafu

Poly Network, a Chinese software biz that processes cryptocurrency transactions across different blockchain platforms, urged hackers to return $600m worth of stolen digital cash in what it called the “biggest [attack] in DeFi history.” DeFi stands for decentralised finance. Protocols like Poly Network allow cryptocurrency traders to exchange digicash across various blockchains; they can be used to swap Bitcoin for Ethereum, for example.

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