Poly Network Hacker Returns Almost All Stolen Crypto, Turns Down Huge Reward » Crypto Insiders

Earlier this week, the Poly Network was hacked and someone had as much as $611 million in various cryptocurrencies stolen. It was the biggest theft in the decentralized finance (DeFi) industry ever.

Shortly afterwards came out that the hacker wanted to return the stolen funds. Half of it was returned yesterday and the rest followed later in the day. Almost then, as some $33 million more in tether (USDT) tokens were frozen shortly after the incident.

pic.twitter.com/aBRUvanLuL

— Poly Network (@PolyNetwork2) August 12, 2021

“All of the remaining user assets on Ethereum (except the frozen USDT) had been transferred to the multisig wallet operated by Mr. White Hat and the Poly Network team. The repayment process has not yet been completed. To ensure that user assets are safely recovered, we hope to communicate with Mr. White Hat and convey accurate information to the public.

Any unfounded allegations and speculation can harm the all-important asset recovery process. To achieve the goal of full recovery of both assets and cross-chain services, the team will continue to actively communicate with Mr. White Hate to receive the final key.”

According to the Poly Network team. This communication took place via messages linked to Ethereum (ETH) transactions. Yesterday, the hacker claimed that he always intended to return the stolen crypto, but was met with great skepticism. Chinese research company SlowMist said they may have already identified the hacker.

However, we may have been a little too judgmental. It turns out that Poly Network had offered the hacker a $500,000 reward to return the stolen assets. One of the Ethereum messages shows that the “white hat hacker” declined the offer:

“Poly did offer a bounty, but I never responded to them. Instead, I will return all their money.”

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