 Troll pulls off massive $600 million defi hack  On August 10, the decentralized finance (defi) project Poly Network suffered a loss of over $600 million according to various reports. The hack follows a recent Ciphertrace report on how defi-related hacks and fraud in 2021 have already surpassed 2020.
The interesting thing about this unprecedented hack is that the attacker is actively communicating and returning some of the stolen funds.
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In the news $1.2 trillion infrastructure bill passes senate The U.S. Senate has passed the $1.2 trillion infrastructure bill with a crypto reporting requirement provision that has been described as "unworkable."
Senator Ted Cruz warned: "This infrastructure bill has in it a portion that is designed to obliterate crypto ... That would be a tragic mistake." SEC chairman says Satoshi Nakamoto's 'innovation is real' The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says that Satoshi Nakamoto's innovation is real.
"It has been and could continue to be a catalyst for change in the fields of finance and money," he said. S2F creator Plan B: 'This bull Is not over and $64K was not the top' Last month, popular bitcoin analyst and creator of the stock-to-flow (S2F) price model, Plan B, explained that he believed the "bull is not over."
On August, 6, Plan B is still showing confidence in his forecast and reconfirmed his message.
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Poly Network suffers $600 million hack
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