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Hacker Who Stole Over $600M From Crypto Platform Is Actually Returning The Money

By Alexa Heah, 12 Aug 2021

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Image via ID 154978003 © Ovydyborets | Dreamstime.com

Earlier this week, decentralized finance (DeFi) platform Poly Network took to social media with an open letter pleading hackers to return US$611 million worth of cryptocurrency, which had been stolen in the largest DeFi heist to date.

Out of the total, US$237 million were Ethereum tokens, US$253 million were Binance tokens, and US$85 million were from the Polygon.

The letter, which the network published via Twitter, offered the hacker a way out, having said the anonymous individual “should talk to us to work out a solution.”

Following the attack, the CTO of Tether managed to freeze US$33 million of the stolen cryptocurrency. Blockchain security firm SlowMist also offered its help to Poly Network, and claimed it knew the email and IP address of the hacker.

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Now, in a surprising twist of events, it seems the threat might’ve worked, with the hacker returning US$4.7 million at first. According to TechSpot, the money came with a private note, which read: “It would have been a billion [dollar] hack if I had moved remaining s**tcoins! Did I just save the project? Not so interested in money; now considering returning some tokens or just leaving them here.”

Just minutes after the first transaction, the hacker created a token, aptly named “the hacker is ready to surrender,” and sent it to a Polygon address. It retrieved approximately US$1 million for the Polygon network, before doing the same with three other cryptocurrencies.

In total, the hacker retrieved everything stolen from the Binance smart chain, leaving the remaining Ethereum and Polygon Network tokens in limbo. Will the anonymous criminal eventually return the whole US$600 million? Keep a lookout as this incredible saga unfolds.



[via TechSpot, cover image via ID 154978003 © Ovydyborets | Dreamstime.com]
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