On Friday, a few days after the initial $ 611 million hack, the Poly Network project detailed that the company received all of the stolen assets minus the frozen tether blacklisted by Tether Limited. The Poly Network team said they are in control of the funds, along with “Mr. White Hat ”, but the repayment process is still ongoing.
Poly Network Hacker returns most of the stolen crypto assets
- According to a message the Poly Network team returned much of the stolen funds from the August 10 hack. The Stash of Tether (USDT) is the only fund left in suspension, according to a recent letter from the Poly Network team.
- The Poly Network hacker stole ETH, WETH, WBTC, UNI, RENBTC, USDT, USDC, DAI, SHIB, FEI, BNB and various BEP-20 tokens worth $ 611 million. All were returned except that the USDT frozen that’s about $ 33 million in tethers.
- The Poly Network Protocol is a cross-chain service that comes from the NEO blockchain project. Poly Network uses a few different blockchains, including Polygon, Ethereum, and the Binance Smart Chain (BSC).
- The hacker and Mr. White Hat communicated with the team for three days, and indeed there is a confession that comes from a question-and-answer session with Mr. White Hat and the hacker. Many people assumed that the hacker was exposed by leaving a fingerprint on the relatively unknown crypto exchange Hoo.com.
- It appears from the hacker’s confession that the person does not believe that they have been exposed. When asked if they were exposed, the hacker replied, “No. never. I understood the danger of exposing myself even if I do no harm. So I used temporary email, IP or so-called fingerprints that could not be found. I’d rather stay in the dark and save the world. “
- The hacker said again that it could have been worse and that the person chose to ignore the “sh ** coins”. “Believe it or not, I was forced to play the game,” the hacker admitted. “However, I didn’t want to cause real panic [in the] Crypto world. So I decided to ignore shit so people wouldn’t have to worry about it going to zero. I took important tokens (except SHIB) and didn’t sell any of them. “
- Anyway, the hacker was able to carry out the largest attack on a decentralized financial project (Defi) since Defi was introduced. It’s hard to tell when Poly Network will get a refund, but the bulk of the stolen funds likely saved the project.
- “I want to give you tips on how to secure your networks so that they are good for administration. [a billion-dollar] Project in the future, ”added the hacker’s admission.
What do you think of the Poly Network hacker’s confession and how they returned most of the stolen crypto coins? Let us know what you think on this matter in the comments below.
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