Cryptos

Poly Network Confirms That a Hacker Returned the Most Stolen Crypto

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The news of the largest DeFi hack in history has rocked the crypto market. Hackers gained more than $ 600 million in cryptocurrency after exploiting the Poly network. This hack shook the entire DeFi market.

The hacker stole more ETH loot worth $ 200 million. And hundreds of thousands of tokens. A user alerted the hacker that their USDT address was blacklisted. The hacker then sent $ 42,000 in Ethereum to the address that issued this warning. The hacker received hundreds of requests for money and sent them transactions.

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This led to a three-day rollercoaster of emotions, negotiations, and frustrations. In a desperate effort to find the hacker, the Poly Network team wrote a letter. They begged for the return of the stolen funds. Surprisingly, the hacker did listen. They agreed to return the money. They asked for that one. Multisig wallet addressbe provided to enable the transfer of crypto.

Hacker begins to return the stolen cryptocurrency

After receiving the wallet, the hacker began to restore crypto. First, the hacker sends back SHIB tokens. It was more than $ 250 millions. The hacker had still left a substantial amount of the loot in their wallets. This was confirmed by the Poly Network team in a tweet following the comeback.

The hacker can send crypto to various addresses via various wallet addresses. This includes an ETH wallet, a BSC and a Polygon wallet. All multisig wallets conforming to hacker specifications. They asked because they believed there had been an error in connecting to the Poly network.

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The Poly team took to Twitter to announce additional returns less than 24 hours earlier. They stated that most of the stolen cryptos had been returned to them by the hacker. All assets were sent to multisig wallets that Poly Network provided. The USDT was not frozen.

What is the hacker doing?

It was believed that the hacker’s identity had been compromised. This is why they wanted to return such a large sum to the network. The hacker denied this. To say that they had taken sufficient precautions to prevent them from being identified. Temporary fingerprint verification was used. Since one security company’s information. SlowMist has been announcedThey had the pirate’s fingerprint.

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Another possibility was that the stolen cryptocurrency was already tagged. In this instance, the hacker couldn’t spend the funds without exposing his identity. Each transaction would then be closely monitored. This led to the discovery who was behind the wallets from which the funds were transferred.

Before the hacker agreed that he would return the funds, many exchanges were had with him. The hacker even organized an open-ended question-and-answer session. They answer questions about the hack, such as why they did it. The hacker asked them what they would do with such large sums of money. They also declared that they would rather remain in the dark than save the planet.

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The stolen cryptos are still not fully released. Multisig wallets, which require multiple signatures from each party, are secure. The hacker should approve all wallets that will allow funds to be sent to the Poly Network team. Once the hacker has provided the final key, the team will be able to regain access both to assets and cross-chain services.

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