Pexshield, a blockchain security company, has observed that funds stolen from the Poly Network hack have been transferred, suggesting that the hackers are still attempting to launder the stolen assets. The Poly Network suffered a major hack on July 2, during which hackers exploited vulnerabilities in the network to steal a significant amount of cryptocurrency assets. Since then, efforts have been ongoing to track and recover the stolen funds.
The hackers responsible for the Poly Network attack have been known to move the stolen assets across various blockchains and utilize privacy-focused tools like Tornado Cash to obscure the origin of the funds. This ongoing activity underscores the challenges of tracking and preventing the illicit movement of cryptocurrency assets in the decentralized and often anonymous crypto ecosystem. 💰🕵️‍♂️ #PolyNetwork #CryptoSecurity #BlockchainHacking