The hacker behind the Poly Network hack, a decentralized finance transfer protocol, agreed to return the embezzled money. He has already returned $260 million in cryptocurrencies through various blockchains. The hacker would have been frightened when a company dedicated to cyber security managed to obtain his IP address.
On August 10, 2021, a hacker exploited a flaw in the Poly Network protocol to steal $600 million worth of cryptocurrencies. In detail, the hacker stole $273 million in Ether, $253 million in Binance Smart Chain and $85 million in stablecoin on the blockchain Polygon. Is about biggest cryptocurrency theft of the history of digital coins.
Poly Network development teams promptly ordered the hacker to return the money. “Authorities in all countries will consider this a serious economic crime and you will be prosecuted. It is very reckless of you to carry out any transaction”, Poly Network threatened.
The hacker claims that he always intended to return the defrauded cryptocurrencies
In fact, mining companies and services in the crypto-actives sector quickly mobilized to prevent hacker from moving backgrounds. At the same time, Slowmist, a cybersecurity company specializing in blockchain, investigated the identity of the scammer. The company claims to have discovered the IP address as well as its email address.. Likewise, the name of the trading platform used during the hack was publicly revealed. This information helped put pressure on the hacker.
The hacker decided to return the funds quickly. In a transaction made on the blockchain, he added a note stating that it was “ready to return the funds”. A few hours later, the Poly Network teams received a total of $260 million in cryptocurrencies. The hacker returned $3.3 million on the Ethereum network, $256 million on the Binance Smart Chain and $1 million on Polygon.
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In the Ethereum blockchain, the hacker has lifted the veil on his true intentions. he rocks always planning to return stolen funds. The theft was allegedly carried out to highlight Poly Network’s vulnerabilities. So the man presents himself as a white-hat hacker, a pirate with good intentions. Would he rather have been scared when the noose began to tighten his identity? We look forward to hearing from you in the comments.