Two Attacks on Altcoin Resulted in $290 Million Loss

Millions of dollars worth of altcoins were stolen during the attack on PlayDapp (PLA), one of the cryptocurrency gaming platforms.

According to research by blockchain analysis firm Elliptic, an attacker attacked PlayDapp and 200 million PLA worth $36.5 million produced.

The PlayDapp team contacted the attacker via blockchain and transferred the money. return it in exchange for a reward of $1 million. he demanded. Otherwise, white hat hackers will be required to catch the attacker. 1 million dollars It was announced that an award would be given.

However, the attacker did not want to return the money and three days later Another 1.59 billion PLA worth $253.9 million He began to launder them through cryptocurrency exchanges.

elliptical, “There were a total of 577 million PLA tokens in circulation before the attack, so the attacker may have difficulty selling the newly minted 1.8 billion tokens at a price close to the price before the attack.” said.

PlayDapp made a statement the other day and announced that the smart contract used for PLA was stopped he stated. The team is cooperating with the police, crypto exchanges and blockchain companies to catch the attacker.

PLA is down more than 14% for the week, according to TradingView data.

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