BTC

$69545.347

-0.68%

ETH

$2492.839

-1.29%

BNB

$568.94

-1.37%

XRP

$0.512

-1.51%

Market

Hacker Poly Network is conducting an AMA sharing on how to conduct an attack for the purpose of “fun”.

August 12, 2021 - Around 3 mins mins to read

Hacker Poly Network has now returned $ 258 million for the cross-chain DeFi protocol and held an AMA session detailing how the attack was carried out.

The largest DeFi hack to date, Poly Network suffered a $ 612 million loss on August 10, through which hackers stole belongings from Ethereum, Binance Chain and Polygon Network.

Tom Robinson, chief scientist at blockchain analytics agency Elliptic, stated the hacker has now repaid about $ 258 million to Poly and about $ 342 million stays to be returned.

The attacker claimed to be keen to return the stolen cash in installments, main to hypothesis that this may very well be a white hat hack to educate Poly an costly lesson about its safety flaws.

Robinson, who stated the return of the funds “shows that the transparency of the blockchain makes laundering and withdrawing cash extremely difficult, even if you can steal crypto assets,” contradicted this conclusion.

The hacker performed an AMA session with messages embedded in Ethereum transactions and it seems to be like the attack was half of the attacker’s grand scheme.

When requested about the purpose of the hack and why the goal was the poly protocol, the hacker stated “for fun” and since “cross-chain hacking is hot”.

However, the hacker later claimed that the attack was carried out for noble causes and since then the tokens have been moved between addresses for safekeeping:

“When I found the mistake, I had blended emotions. I used to be questioning what to do when confronted with so many belongings. Politely notify the undertaking staff to allow them to repair the downside? Anyone generally is a traitor if given a billion {dollars}. I can not belief anybody! The solely resolution I can suppose of is to reserve it on a trusted account. “

“Now individuals can really feel the conspiracy. Insider? I do not, however who is aware of? It is my nice accountability to expose the vulnerability to any insider who intends to cover and exploit it! “

Users on Twitter famous that the hacker was asking for directions on how to deposit cash into Tornado Cash, a decentralized protocol that allows private Ethereum transactions.

Regarding the cause for promoting and exchanging some stolen stablecoins, the attacker stated “I was very angry about the initial reaction from the Poly team” when the group launched an open letter yesterday asking the hacker to to return the stolen property, threatening “Law enforcement in any country would consider this a serious economic crime and you would be prosecuted.”

The hacker additionally complained that “the Poly team asked others to blame and hate me before I could respond” and stated, “I have no intention of laundering money”.

Annie

According to Cointelegraph

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

Market

Hacker Poly Network is conducting an AMA sharing on how to conduct an attack for the purpose of “fun”.

Hacker Poly Network has now returned $ 258 million for the cross-chain DeFi protocol and held an AMA session detailing how the attack was carried out.

The largest DeFi hack to date, Poly Network suffered a $ 612 million loss on August 10, through which hackers stole belongings from Ethereum, Binance Chain and Polygon Network.

Tom Robinson, chief scientist at blockchain analytics agency Elliptic, stated the hacker has now repaid about $ 258 million to Poly and about $ 342 million stays to be returned.

The attacker claimed to be keen to return the stolen cash in installments, main to hypothesis that this may very well be a white hat hack to educate Poly an costly lesson about its safety flaws.

Robinson, who stated the return of the funds “shows that the transparency of the blockchain makes laundering and withdrawing cash extremely difficult, even if you can steal crypto assets,” contradicted this conclusion.

The hacker performed an AMA session with messages embedded in Ethereum transactions and it seems to be like the attack was half of the attacker’s grand scheme.

When requested about the purpose of the hack and why the goal was the poly protocol, the hacker stated “for fun” and since “cross-chain hacking is hot”.

However, the hacker later claimed that the attack was carried out for noble causes and since then the tokens have been moved between addresses for safekeeping:

“When I found the mistake, I had blended emotions. I used to be questioning what to do when confronted with so many belongings. Politely notify the undertaking staff to allow them to repair the downside? Anyone generally is a traitor if given a billion {dollars}. I can not belief anybody! The solely resolution I can suppose of is to reserve it on a trusted account. “

“Now individuals can really feel the conspiracy. Insider? I do not, however who is aware of? It is my nice accountability to expose the vulnerability to any insider who intends to cover and exploit it! “

Users on Twitter famous that the hacker was asking for directions on how to deposit cash into Tornado Cash, a decentralized protocol that allows private Ethereum transactions.

Regarding the cause for promoting and exchanging some stolen stablecoins, the attacker stated “I was very angry about the initial reaction from the Poly team” when the group launched an open letter yesterday asking the hacker to to return the stolen property, threatening “Law enforcement in any country would consider this a serious economic crime and you would be prosecuted.”

The hacker additionally complained that “the Poly team asked others to blame and hate me before I could respond” and stated, “I have no intention of laundering money”.

Annie

According to Cointelegraph

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

Leave a Reply