Following the $600 million hack on Poly Network yesterday, the hacker has stated they will return the stolen cryptocurrency funds and have asked for a secured multi-sig wallet.
The Poly Network hacker has stated his willingness to refund the stolen cryptocurrency cash following a large $600 million exploit of the cross-chain protocol Poly Network.
The hacker submitted an Ethereum transaction to themself about 4:00 UTC on Wednesday, stating in an embedded transaction message that they were “ready to repay the fund.”
The hacker then requested a multi-sig wallet address to refund the monies to Poly Network in a later communication. “I was unable to make contact with the poly. The hacker stated, “I need a secured multi-sig wallet from you.”
On Wednesday, Poly Network updated its Twitter account, providing three unique wallet addresses for the hacker to deposit the stolen assets back to the network.
Poly Network reported in a message contained in an Ethereum transaction to the hacker’s account, “We are preparing a multisig address controlled by known Poly addresses.”
The person behind the Poly Network’s enormous decentralized finance (DeFi) attack could be a white hat hacker, according to cross-chain developer initiative O3 Labs.
“Winning so much money is already a legend. Saving the world will go down in history as a legendary feat. Another message from the hacker stated, “I made the decision, no more DAO.”
As of roughly 8:00 UTC, the attacker began returning the stolen cash, sending over $1 million in USD Coin (USDC) to the Polygon blockchain.
Poly Network has already confirmed that payments had been received, stating: “You’re doing a good job of steering things in the proper way.
On Polygon, we received almost a million dollars in USDC. Did you request that the receiving addresses be encrypted using your BookKeeper public key?”
On Tuesday, the Poly Network was hit by a huge hack that took assets from Ethereum, Binance Chain, and the Polygon network. The attack is the greatest DeFi exploit to date, with a value of $600 million.
The growing popularity of DeFi has made it a tempting target for cybercriminals. DeFi protocols have lost around $285 million to hackers and other exploits since 2019, according to a report released in April by crypto research firm Messari.
