{"id":10831,"date":"2021-08-11T14:54:56","date_gmt":"2021-08-11T14:54:56","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/poly-network-hacker-returns-4-7m-in-funds-attacker-asks-devs-to-unlock-frozen-tether-stash\/"},"modified":"2021-08-11T14:54:56","modified_gmt":"2021-08-11T14:54:56","slug":"poly-network-hacker-returns-4-7m-in-funds-attacker-asks-devs-to-unlock-frozen-tether-stash","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/poly-network-hacker-returns-4-7m-in-funds-attacker-asks-devs-to-unlock-frozen-tether-stash\/","title":{"rendered":"Poly Network Hacker Returns $4.7M in Funds \u2014 Attacker Asks Devs to Unlock Frozen Tether Stash"},"content":{"rendered":"

On Tuesday, the decentralized finance (defi) project Poly Network was hacked for over $600 million in digital assets. The attack was the largest defi hack to date eclipsing all of 2021\u2019s defi hacks combined. The very next day, however, the hacker started to send funds back to the Poly Network team as the project\u2019s official Twitter account says it received $4.7 million so far. <\/strong><\/p>\n

White Hat Hacker Communicates With Poly Network Attacker<\/h2>\n

The Poly Network hack<\/a> will go down in history as one of the largest defi attacks since the inception of this technology. In fact, the hack is up there with some of the largest hacks in crypto as it surpassed the Coincheck hack in 2018 which saw a loss of $530 million. Following the hack on Poly Network, the team published a letter that asked the hacker to start communicating with the project\u2019s team members. \u201cLaw enforcement in any country will regard this as a major crime and you will be pursued,\u201d Poly Network\u2019s letter<\/a> detailed.<\/p>\n

The hacker allegedly wrote<\/a> messages to the Poly Network team and stressed that the hack could have been worse. Now, according to the official Poly Network Twitter account, the project has seen $4.7 million returned on Wednesday morning. \u201cSo far, we have received a total value of $4,772,297.675 assets returned by the hacker,\u201d Poly Network said. The company also disclosed the amount and type of funds the hacker returned. The returned crypto assets include<\/a>:<\/p>\n

ETH<\/a> address: $2,654,946.051
\nBSC address: $1,107,870.815
\nPolygon address: $1,009,480.809<\/p>\n

<\/p>\n

Moving in the Right Direction: Hacker\u2019s Identity Possibly Discovered, Attacker Wants Tether Unfrozen After Sending USDC<\/h2>\n

On Tuesday it was discovered that a security company called Slowmist published findings<\/a> on the alleged hacker. Slowmist detailed that the hacker\u2019s identification was exposed and the group had access to the hacker\u2019s email and IP address. According to Slowmist, the hacker was able to leverage a relatively unknown crypto exchange in Asia and they claimed to have a lot of information on the attacker.<\/p>\n

Reports<\/a> show a white hat hacker has been attempting to communicate with the Poly Network attacker. \u201cWe can offer you a security bounty when you return all the remaining assets. We will provide a secure address through email,\u201d the white hat wrote. \u201cThe decision made by DAO can\u2019t change the fact that the assets are stolen from crypto believers. We want to offer a security bounty and we hope it will be remembered as the biggest white hat hack in history,\u201d the white hat hacker added.<\/p>\n

Then the hacker was suddenly \u201cready to return the funds\u201d in a message sent<\/a> to the Poly Network team. Next the hacker detailed that the attempt \u201cfailed to contact the Poly\u201d and \u201cI need a secured multisig wallet from you. It\u2019s already a legend to win so much fortune. It will be an eternal legend to save the world. I made the decision, no more DAO.\u201d The white hat responded and said: \u201cWe are preparing a multi-sig address controlled by known Poly addresses.\u201d<\/p>\n

The hacker also said: \u201cAccept donations to \u2018the hidden signer\u2019 now. Encrypt your msg with his pubkey.\u201d Following this statement, the hacker sent over 1 million USDC tokens back to the Poly Network.<\/p>\n

\u201cYou are moving things [in] the right direction. We received 1+M USDC on Polygon. Did you ask us to encrypt the receiving addresses with your BookKeeper public key?\u201d the white hat hacker asked. The hacker then sent more funds back to the project\u2019s team members. Next, the hacker would ask the team to donate to an address if they supported his decision. The hacker added:<\/p>\n

Encrypt your msg with his pubkey if you want to talk. Dumping sh**coins first\u2026 How about unlocking my USDT<\/a> after returning enough USDC?<\/p>\n

What do you think about the Poly Network hack and a fraction of the coins being returned the next day? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, $4.7 Million, $600 Million, Defi Project, ETH, Hacker, Hacker Troll, multisig, neo, Poly Network, Poly Network Hack, Poly Network hacker, Poly Network Team, Polygon, tether frozen, USDC, USDT, Wallet, White Hacker<\/p>\n","protected":false},"excerpt":{"rendered":"

On Tuesday, the decentralized finance (defi) project Poly Network was hacked for over $600 million in digital assets. The attack was the largest defi hack to date eclipsing all of 2021\u2019s defi hacks combined. The very next day, however, the hacker started to send funds back to the Poly Network team as the project\u2019s official…<\/p>\n","protected":false},"author":0,"featured_media":10832,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-10831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10831"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=10831"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10831\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/10832"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=10831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=10831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=10831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}