{"id":7680,"date":"2021-08-11T13:04:20","date_gmt":"2021-08-11T12:04:20","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=7680"},"modified":"2021-08-11T13:04:24","modified_gmt":"2021-08-11T12:04:24","slug":"poly-network-hacker-makes-move-to-return-stolen-funds","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/poly-network-hacker-makes-move-to-return-stolen-funds\/","title":{"rendered":"Poly Network hacker makes move to return stolen funds"},"content":{"rendered":"\n
Following the $600 million hack on Poly Network yesterday<\/a>, the hacker has stated they will return the stolen cryptocurrency funds and have asked for a secured multi-sig wallet.<\/h5>\n\n\n\n
\"Poly<\/figure>\n\n\n\n

The Poly Network hacker has stated his willingness to refund the stolen cryptocurrency cash\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> following a large $600 million exploit of the cross-chain protocol Poly Network.<\/p>\n\n\n\n

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.”<\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

The hacker then requested a multi-sig wallet address to refund the monies to Poly Network in a later communication. \u201cI was unable to make contact with the poly. The hacker stated, “I need a secured multi-sig wallet<\/a> from you.”<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

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.”<\/p>\n\n\n\n

The person behind the Poly Network's e<\/a>normous decentralized finance (DeFi) attack could be a white hat hacker, according to cross-chain developer initiative O3 Labs.<\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

\u201cWinning 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.”<\/p>\n\n\n\n

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.<\/a><\/p>\n\n\n\n

Poly Network has already confirmed that payments had been received, stating: “You're doing a good job of steering things in the proper way.<\/p>\n\n\n\n

On Polygon, we received almost a million dollars in USDC. Did you request that the receiving addresses be encrypted using your BookKeeper public key?”<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

The growing popularity of DeFi has made it a tempting target for cybercriminals. DeFi protocols<\/a> have lost around $285 million to hackers and other exploits since 2019, according to a report released in April by crypto research firm Messari.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":12,"featured_media":7687,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[130],"tags":[128,2119,2118,2117],"class_list":["post-7680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","tag-ethereum","tag-funds","tag-hacker","tag-poly-network"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/08\/Poly-Network-hacker-makes-move-to-return-stolen-funds.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/7680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=7680"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/7680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/7687"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=7680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=7680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=7680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}