Connect with us

Hi, what are you looking for?

Hard News Hard Hitting News Source Global Political News

Cyber Security

Poly Network claims a hacker returned stolen $600 million

A colossal, as well as bizarre crypto heist story seems to have reached its end. Poly Network, a decentralized finance (DeFi) platform, announced the hacker that stole over $600 million in one of the largest crypto heists had returned control of the money.

“At this point, all the user assets that were transferred out during the incident have been fully recovered,” the company said in a statement.

The only funds that are not in the platform’s control are $33 million in stablecoin tether that had been frozen by the company that manages it.

Poly Network claims that it is currently in the process of returning asset control to its users. For almost two weeks, stolen funds were under joint supervision between the company and the hacker.

An unknown hacker or a group of hackers stole over $610 million worth of crypto assets from Poly Network earlier this August, breaking headlines with one of the largest crypto heists in history.

The hacker claimed to have no interest in money, attributing the crime to curiosity as well as an attempt to expose dangerous vulnerabilities.

In a series of public exchanges, the company thanked the hacker for exposing security flaws, offered a $500 thousand ‘bug bounty’, and went as far as to ask the unknown threat actor to become companies’ Chief security advisor.

Source: https://cybernews.com/crypto/poly-network-claims-a-hacker-returned-stolen-600-million/?&web_view=true

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Cyber Security

The cybercrime group evaded remediation efforts by installing persistent backdoors and deploying “new and novel malware.” A Chinese-linked hacking group that security researchers say...

Cyber Security

Media and frequent innovative releases aggressively fuel the rapid industry rise of generative AI (Artificial Intelligence) ChatGPT.  But, besides its innovative part, cybercriminals have...

Cyber Security

A China-based cybercriminal known as Storm-0558 gained access to unclassified U.S. government email accounts using forged authentication tokens according to a report released by...

Cyber Security

A new APT hacking group dubbed Lancefly uses a custom ‘Merdoor’ backdoor malware to target government, aviation, and telecommunication organizations in South and Southeast...

Copyright © 2023 Hard News Herd Hitting in Your Face News Source | World News | Breaking News | US News | Political News Website by Top Search SEO