back Back

The $600m cryptocurrency heist and the need for security infrastructures in DeFi

By Gaia Lamperti

August 12, 2021

  • Blockchain
  • Cryptocurrencies
  • Cybersecurity

Making global headlines, the news of the largest cryptocurrency heist on Tuesday made the DeFi world tremble. Hackers stole some $600 million from blockchain site Poly Network exploiting a vulnerability in the system and taking thousands of digital tokens. In a letter addressed to the hackers and published on Twitter, Poly Network said: “The amount […]

This article can only be read by subscribers. Subscribe to IBSi Premium or Sign in

Get access to IBSi Premium

IBSi Daily News Analysis + monthly IBSi FinTech Journal

Daily insightful Financial Technology news analysis

Weekly snapshots of industry deals, events & insights

Weekly global FinTech use cases

Chart of the Week curated by IBSi’s Research Team

Monthly issues of the iconic IBSi FinTech Journal

Exclusive invitation to a flagship IBSi on-ground event of your choice

£19.99/monthly - Subscribe Now!
Previous Article

August 12, 2021

SEBA Bank to support added tokens for wider institutional DeFi access

Read More
Next Article

August 13, 2021

Financial services regulators’ key role in increasing Cloud adoption

Read More

Weekly Case Study

Chart of the Week

FinTech insights exclusively curated by the IBSi’s Research Team

Other Related News

May 25, 2023

Data protection is required to prevent ransomware payments, research shows

Read More

May 17, 2023

Businesses in UAE lose millions to cybersecurity challenges

Read More

May 16, 2023

Majority of digital payment fraud is tied to UPI in India, study shows

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q1 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q1 2023

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q1 2023

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q1 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2022