Op risk data: DeFi-ant crypto hacker steals $610m
Also: Amundi fined for index manipulation; Wells pays out over client fraud. Data by ORX News
August’s largest loss saw crypto platform Poly Network fall victim to a hacker who stole approximately $610 million worth of crypto assets. The thief, dubbed Mr White Hat, in a nod to the activities of so-called ethical hackers, reportedly targeted a vulnerability in the digital contracts Poly Network used to move assets between different blockchains.
Poly is a decentralised finance (DeFi) network, which allows buyers, sellers, lenders and borrowers to interact with a strictly software-based
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