Tag Archive for: Poly

SUNY Poly & HFM BOCES PTECH announce new partnership

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CENTRAL NEW YORK (WUTR/WFXV/WPNY) — The Hamilton-Fulton-Montgomery BOCES Pathways in Technology Early College High School (HFM BOCES PTECH) and SUNY Polytechnic Institute (SUNY Poly) have announced a new partnership that streamlines to transferring process for students.

With the agreement in place, PTECH graduates can now continue their education at SUNY Poly, eliminating duplicate course requirements, and allowing them to earn a bachelor’s degree much more quickly and easily.

“This transfer agreement with SUNY Polytechnic Institute amplifies the opportunity and impact of the PTECH program,” HFM BOCES Superintendent Dr. David Ziskin said. “Our students now have a direct, economical pathway to high-demand bachelor’s degree programs that will further advance them on their paths to meaningful careers.” 

This agreement guarantees the transferability of credits earned through the PTECH degree programs to SUNY Poly bachelor’s degrees, which are listed below:

  • A.S. Business Administration or A.A.S. Business Management to B.S. Business Administration
  • A.A.S. Computer Information Systems to B.S. Computer Information Systems
  • A.S. Computer Networking & Cybersecurity to B.S. Network + Computer Security
  • A.S. Computer Science to B.S. Computer + Information Science
  • A.A.S. Electrical Technology to B.S. Electrical Engineering Technology
  • A.A.S. Health Information Records Management to B.P.S. Health Information Management
  • A.S. Health Science, A.S. Human Services, A.A.S. Human Services, or A.A.S. Health Studies to B.S. Community + Behavioral Health

“This partnership with HFM BOCES PTECH will provide clear and streamlined academic pathways for students to pursue bachelor’s degrees at SUNY Poly in seven critical, in-demand degree programs,” said Dr. Zora Thomova, Interim Provost at SUNY Polytechnic Institute. “We are proud that this new agreement will facilitate the ability of even more students to easily take part in our highly affordable, immersive learning environment.”

High-achieving first-year students will also be considered for various…

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Hacker behind $600M Poly Network theft returns stolen cryptocurrency

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Poly Network, the cross-chain decentralized finance platform provider that had about $600 million in cryptocurrency stolen from it earlier this month, has had all the funds returned.

The hack, first reported Aug. 10, involved the theft of Binance Chain, Ethereum and Polygon assets, with estimates that they were worth at the time up to $611 million. The hacker took advantage of a cryptography issue to exploit functions that modified contracts on Poly.

The following day, the hacker, who went by the name of “Etherhood,” started returning small amounts of some of the stolen funds. Etherhood said that the primary motivation for the hack was “for fun” that they had gone after the Poly Network as “cross-chain hacking is hot.”

Etherhood went on to explain that he or she had stolen the cryptocurrency to keep it safe before insiders exploited the vulnerability. That was capped off with the statement, “I prefer to stay in the dark and save the world.”

It was speculated at the time that some of the funds were being returned in an attempt to avoid criminal charges after researchers had tracked down identifying information. Etherhood, who did promise to return all the funds, has now done so.

Bleeping Computer reported that the hacker, now going by the name of “Mr. White Hat,” gave Poly Network access to the last tranche of stolen digital assets in their wallet, worth around $141 million earlier today.

“At this point, all the user assets that were transferred out during the incident have been fully recovered,” Poly Network wrote on Medium. “Thanks to Mr. White Hat’s cooperation, Poly Network has officially entered the fourth phase of our roadmap ‘Asset Recovery.’ We are in the process of returning full asset control to users as swiftly as possible.”

Poly Network paid the hacker a $500,000 reward in cryptocurrency, officially as a bug bounty for uncovering the cryptography issue. The payment could also be argued to be a reward for doing the right thing and returning the stolen cryptocurrency, however.

The hacker, who is strangely very talkative, left a message on the final transfer, apologizing and promising to return more funds that were originally…

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Poly Network Gets Back The Stolen Funds In The Bigger Cryptocurrency Hack Ever

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Yesterday we looked into the biggest cryptocurrency hack that ever happened, today we talk about how the attackers decided to give back the money they have stolen during it.

Yes, you heard it right! The cybercriminals behind the Chinese Internet protocol Poly Network attack who have stolen approximately $600 million worth of cryptocurrency assets began to return it, as shared by the organization on Twitter.

So far, the hacker has reimbursed $256 million Binance Smart Chain (BSC) tokens, $3.3 million in Ethereum tokens, and $1 million in USD Coin (USDC) on the Polygon network, but decided to keep the rest of it for the negotiations with the cross-chain DeFi protocol.

In order to have back in its account all the assets that have been stolen, Poly still needs to receive the difference of $269 million on Ethereum and $84 million on Polygon.

Why Did the Attackers Return the Money to Poly Network?

It’s not the first time the hackers said they are willing to return the stolen assets, which made many believe that the attack may have been meant to show the Chinese company it needs better protection against cybercriminals, just like a white-hat hacker would do.

A white-hat hacker (a good hacker) is a computer security expert whose job is to breach secured networks in order to test their security.

On the other side, chief scientist at blockchain analytics firm Elliptic Tom Robinson thinks that giving back the stolen cryptocurrency shows that even if you can steal it, laundering and converting them might be an inconvenience “due to the transparency of the blockchain.”

It could also be the blockchain security company SlowMist announcement that they have identified the cybercriminal’s ID, email address, IP information, and device fingerprint.

The firm also stated that the hacker’s resources were initially in monero (XMR), but were swapped for BNB, ETH and MATIC, and other tokens that were used to sponsor the cyberattack.

Or maybe it was Poly Network’s message?

Poly Network cryptocurrency hack

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In an AMA (Ask Me Anything) session the attackers declared they have attacked the Poly Network platform for fun and because…

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Thief hands back at least a third of $600m in crypto-coins stolen from Poly Network • The Register

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Whoever drained roughly $600m in cryptocurrencies from Poly Network is said to have returned at least $260m so far.

The cyber super-heist, revealed yesterday, was described by Poly Network as the largest of its kind in decentralized finance history. The Chinese biz, which handles the exchange of cryptocurencies and other tokens between various blockchains, today said more than a third of the money pilfered from its systems has been returned.

Here’s what Poly Network had to say earlier:

Poly Network said the crook was able to interfere with the execution of smart contracts – typically, small programs that automatically run to fulfill agreements between parties – that are used by the platform to exchange people’s tokens and coins. Thus, funds were siphoned off in transit as opposed to being extracted directly from digital wallets.

You can find more technical detail here by security analysts Slowmist, and here by blockchain watchers Chainalysis.

“The hacker exploited a vulnerability, which is the _executeCrossChainTx function between contract calls,” a spokesperson for Poly Network told El Reg. “Therefore, the attacker uses this function to pass in carefully constructed data to modify the keeper of the EthCrossChainData contract. It is not the case that this event occurred due to the leakage of the keeper’s private key.”

The team at Chainalysis put it more bluntly: “The attacker pulled off the heist by taking advantage of an exploit in the smart contracts Poly Network uses to carry out cross-chain transactions.”

Earlier, Poly Network publicly pleaded for the thief to return all of the stolen assets, and urged crypto-exchanges and others to refuse to handle transactions from specific wallet…

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