Poly Network Hacker Returns $4.7M in Funds — Attacker Asks Devs to Unlock Fro...
On Tuesday, the decentralized finance (defi) project Poly Network was hacked for over $600 million in digital assets. The attack was the largest defi hack to date eclipsing all of 2021’s defi hacks combined. The very next day, however, the hacker started to send funds back to the Poly Network team as the project’s official Twitter account says it received $4.7 million so far. **Editor’s note: As of 1:45 p.m. (EDT) the hacker has returned $260 million in tokens. White Hat Hacker Communicates With Poly Network Attacker The Poly Network hack will go down in history as one of....
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$258 million worth of stolen crypto assets have been returned so far and the hacker claims they are keeping the rest of the funds safe while they negotiate with Poly. The Poly Network hacker has now returned $258 million to the cross-chain DeFi protocol and conducted a question and answer session detailing how the initial hack went down. In what is being described as the largest DeFi hack to date, the Poly Network suffered a $612 million exploit on Aug. 10 which saw the hacker steal assets from Ethereum, Binance Chain and the Polygon Network.Tom Robinson, the chief scientist at blockchain....
The crypto industry was taken by storm when Poly Network, an interoperable cross-chain platform, revealed that they were attacked. The hacker pulled what turned out to be one of the biggest thefts in DeFi history, at least, that it has been called by the mainstream media. The attacker managed to transfer funds from several blockchains connected by a blockchain agnostic trading pool, O3 Swap. Created by Poly Network and O3 Labs, the platform allows users to interact with Ethereum, Binance Smart Chain (BSC), Polygon, and others. Using an exploit, the hacker took control of $273 million on....
"The poly did offered a bounty, but I have never responded to them. Instead, I will send all of their money back," said the hacker. The hacker behind a $610 million attack on the cross-chain decentralized finance (DeFi) protocol Poly Network has returned almost all of the stolen funds amid the project saying their actions constituted “white hat behavior.”According to a Thursday update on the attack from Poly Network, all of the $610 million in funds taken in an exploit that used "a vulnerability between contract calls” have now been transferred to a multisig wallet controlled by the....
The Poly Network hacker pledges a payback after the huge fraudulent withdrawal of $600 million of a cross-chain project. Update: PolyNetwork hackers have returned $253 million on the BSC chain. pic.twitter.com/jO0SiWDtyP — Wu Blockchain (@WuBlockchain) August 11, 2021 The hacking of crypto funds occurred across three chains of the Ploy Network. Notably, this series of […]
Two days after the notorious Poly Network hack, the hacker continues to send funds back to the project. On August 12, the Poly Network hacker so far has returned millions worth of ether, thousands of uni tokens, 1,032 wrapped bitcoins, and 96 million in stablecoins. The day prior, after returning $260 million in tokens, the hacker explained that the Poly Network has “well enough assets to start the recovery phase.” Poly Network Hacker Returns a Number of Defi Tokens On August 10, Bitcoin.com News reported on the massive decentralized finance (defi) hack that plagued the Poly....