Poly Network reports that all of its pirated assets have been returned



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Image of article titled All $ 610 Million Stolen from Landmark Crypto Junkyard Returned, Poly Network Says

Photo: Dan Kitwood (Getty Images)

Looks like the hacker behind Poly Network historical break To changed his mind. The crypto platform confirmed in a corporate blog post Monday than the anonymous hacker (or hackers) who successfully stolen approximately $ 610 million in crypto assets from his platform had finally ceded the last slice of their ill-gotten gains.

“At this point, all of the user assets that were transferred during the incident have been fully recovered,” the company wrote, adding that it had roughly “successfully recovered” the latter. $ 141 million in tokens earlier in the day. Poly also thanked “Mr. White Hat “- the name he nicknamed the hacker, for cooperating with the company so far. Earlier this month, the anonymous exploiter wrote in a ‘Ask me anything’ audience meeting held by the company that they had always intended to return the millions of dollars in assets, and that they had hoped that Poly “[learned] something about these attacks.

When asked why they had succeeded in the heist in the first place, they simply replied “for fun”, with a little smiley face, as we do..

Things were arguably less fun for Poly, who promised the hacker a reward of $ 50,000, let alone a literal work to the company – in exchange for a portion of the assets of $ 200 million earlier this month. It was above the previous offer of $ 500,000 which the hacker had already refused, insisting that it would be better to donate “to the technical community that has contributed to the security of the blockchain”.

Tthe company said in its blog post he has “officially started the process” of returning most of the funds to the users who have been affected, not counting Tether’s approximately $ 33 million currently frozen that the crypto provider froze shortly after being caught in the hack. Poly assured users that Tether “is in the process of confirming the final thaw process with us.” After that, all stolen assets will be put back into circulation, Poly users will resume trading, and the whole saga will officially end. And when it does, hopefully everyone involved will take their safety a little more seriously.

Poly Network confirmed to CNBC that they would not hold Mr. White Hat legally responsible, even though they achieved what is arguably the greatest crypto caper of all time. The $ 610 million in stolen assets topped two of the other major cases we’ve seen recently, including the approximately $ 535 million stolen from Coincheck, a Japanese crypto exchange, and the $ 450 million flew to Mt. Gox before filing for bankruptcy in 2014.

Unlike each of these cases, however, Poly was fortunate enough to be hit by a hacker who was less interested in making a profit and more interested in having fun. ??

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