Tokens worth $600 million stolen from DeFi cryptocurrency platform

HONG KONG/SINGAPORE/LONDON (Reuters) -A cryptocurrency platform has lost an estimated $600 million in digital tokens after one of the sector’s biggest ever hacking attacks, according to details of the heist which emerged on Wednesday. The value of the tokens in the wallets cited by the platform was just over $600 million at the time of the announcement, according to crypto trade publication The Block. The plea looked to be gaining some traction, with around $2 million in stolen tokens returned by Wednesday morning, according to public blockchain records and crypto tracking firm Elliptic. The theft appeared to be one of the biggest ever in cryptocurrency markets and compares with the $530 million in digital coins stolen from Tokyo-based exchange Coincheck in 2018. The retrieval of some of the tokens underscored the difficulties of laundering large amounts of stolen crypto, said Tom Robinson, Elliptic co-founder.

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