advertisement
Facebook
X
LinkedIn
WhatsApp
Reddit

All assets stolen in hack have been returned to Poly Network

Nearly two weeks after it was hacked, all assets stolen from Poly Network have been returned barring the assets that were frozen by Tether.

As you might recall, Poly Network was hacked on 10th August and over $600 million in cryptocurrency assets were stolen. Things took a strange turn however when the hacker, now referred to as Mr White Hat by Poly Network, began returning the funds

“Poly Network has successfully retrieved the remaining 28,953 ETH and 1,032 WBTC (about $141 million). At this point, all the user assets that were transferred out during the incident have been fully recovered. Thanks to Mr. White Hat’s cooperation, Poly Network has officially entered the fourth phase of our roadmap ‘Asset Recovery’. We are in the process of returning full asset control to users as swiftly as possible,” Poly Network wrote in a blog post.

While the hacker did have a change of heart it didn’t stop them from playing games with the DeFi platform. Most recently the hacker transferred $200 million in assets to an account which required both them and Poly Network to input a password. According to CNBC, the hacker said they would hand over the password once “everyone is ready”. It seems on Monday then, everyone was ready.

This entire story has been bizarre from the off. The hacker donated 13.37 Ethereum to somebody who tipped them off about a token being blacklisted and that person then donated that money to charity.

Things got really strange when Poly Network straight up offered the hacker the position of Chief Security Officer. It’s unclear whether the hacker has accepted the position.

This has been a bizarre story from the get-go and it seems it’s over. For now at least.

advertisement

About Author

advertisement

Related News

advertisement