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Biggest defi hack comes to an end: Hacker agrees to return all stolen money to Poly Network and refuses $ 500,000 bonus

August 13, 2021 - Around 3 mins mins to read

The hacker behind the $ 610 million assault on the cross-chain decentralized monetary protocol (DeFi) Poly Network returned nearly all of the stolen money because the challenge claims that the attacker’s assault was “white hat” habits.

According to the model To update On Thursday, due to the Poly Network assault, all $ 610 million recovered from the “contract calls vulnerability” has now been moved to a multisig pockets that’s collectively managed by the challenge and the hacker. The remaining tokens, valued at roughly USDT33 million, have been frozen shortly after information of the assault.

The attacker communicated with the Poly Network workforce and others by messages embedded in Ethereum transactions. They seem to haven’t any plans to switch the money after the profitable theft and declare to have carried out the hack “for fun” as a result of “cross-chain hacking is hot”.

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

“When I found the error, I had blended emotions. I used to be questioning what to do when confronted with so many belongings. Politely notify the challenge workforce to allow them to repair the issue? Anyone is usually a traitor if given a billion {dollars}. I am unable to belief anybody! The solely answer I can consider is to put it aside on a trusted account. “

After speaking to the challenge and customers, the hacker returned the $ 258 million on Wednesday. Poly Network stated it has decided that the assault is and might be “white hat” habits provide for hackers, referred to as “Mr. White Hat “, $ 500,000 Bonus:

“We assure that you’ll not be held chargeable for this incident. We hope you possibly can return all tokens asap […] We’ll ship you a $ 500,000 bonus when the remaining money is refunded, excluding USDT frozen. “

Before the group’s message, the hacker replied:

“Poly supplied a bounty, however I did not reply. Instead, I’ll ship you again all the quantity collected. “

With the remainder of the funds now returned, except for the frozen USDT, the largest hack in decentralized finance seems to be coming to an finish. While the attacker’s identification has not but been launched, the Chinese cybersecurity firm SlowMist launched an replace shortly after the hack grew to become recognized, which its analysts had already introduced definitely Get the machine’s e mail deal with, IP deal with, and fingerprint.

Annie

According to Cointelegraph

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Market

Biggest defi hack comes to an end: Hacker agrees to return all stolen money to Poly Network and refuses $ 500,000 bonus

The hacker behind the $ 610 million assault on the cross-chain decentralized monetary protocol (DeFi) Poly Network returned nearly all of the stolen money because the challenge claims that the attacker’s assault was “white hat” habits.

According to the model To update On Thursday, due to the Poly Network assault, all $ 610 million recovered from the “contract calls vulnerability” has now been moved to a multisig pockets that’s collectively managed by the challenge and the hacker. The remaining tokens, valued at roughly USDT33 million, have been frozen shortly after information of the assault.

The attacker communicated with the Poly Network workforce and others by messages embedded in Ethereum transactions. They seem to haven’t any plans to switch the money after the profitable theft and declare to have carried out the hack “for fun” as a result of “cross-chain hacking is hot”.

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

“When I found the error, I had blended emotions. I used to be questioning what to do when confronted with so many belongings. Politely notify the challenge workforce to allow them to repair the issue? Anyone is usually a traitor if given a billion {dollars}. I am unable to belief anybody! The solely answer I can consider is to put it aside on a trusted account. “

After speaking to the challenge and customers, the hacker returned the $ 258 million on Wednesday. Poly Network stated it has decided that the assault is and might be “white hat” habits provide for hackers, referred to as “Mr. White Hat “, $ 500,000 Bonus:

“We assure that you’ll not be held chargeable for this incident. We hope you possibly can return all tokens asap […] We’ll ship you a $ 500,000 bonus when the remaining money is refunded, excluding USDT frozen. “

Before the group’s message, the hacker replied:

“Poly supplied a bounty, however I did not reply. Instead, I’ll ship you again all the quantity collected. “

With the remainder of the funds now returned, except for the frozen USDT, the largest hack in decentralized finance seems to be coming to an finish. While the attacker’s identification has not but been launched, the Chinese cybersecurity firm SlowMist launched an replace shortly after the hack grew to become recognized, which its analysts had already introduced definitely Get the machine’s e mail deal with, IP deal with, and fingerprint.

Annie

According to Cointelegraph

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

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