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Bloomberg report on $600 million cryptocurrency theft – “biggest ever” DeFi looting

Bloomberg report on a hack of a protocol known as PolyNetwork that has resulted in the theft of circa US$600m in crypto

 

  • what is likely the biggest theft ever in the world of decentralized finance
  • PolyNetwork lets users swap tokens across multiple blockchains
  • Tens of thousands of people are affected by the hack

 

Link here for more info.

Leading crypto BTC doesn’t appear that fussed, its not far from recent highs:

hack of a protocol known as PolyNetwork crypto theft

Saudi Aramco refutes reports claiming that the company is planning to start mining Bitcoin

Aramco denies that it will embark on Bitcoin mining operations

There were reports over the weekend that Saudi Aramco, the third-largest company in the world, is planning to dive into the crypto space by expressing interest to mine Bitcoin. This is being denied now by the company:

“With reference to recent reports claiming the company will embark on Bitcoin mining activities, Aramco confirms that these claims are completely false and inaccurate.”

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