In what would be considered the BIGGEST heist/hack, $611 million worth of crypto assets were stolen from Poly Network. Strangely, the hackers returned $260 million worth back to Poly Network! And there’s me thinking they’ll never see any of that ever again!
Taken from Engadget … In the latest twist to the Poly Network crypto hack, the perpetrator who returned most of the $611 million in stolen digital tokens is being offered a $500,000 reward. The prize is a bug bounty to be precise, an incentive offered by tech organizations to those who report security vulnerabilities. In a statement, Poly Network referred to the culprit as a “white hat” in reference to his status as an ethical hacker. The decentralized finance platform thanked the hacker for “helping to improve” its security, but did not mention how it would pay the reward or whether it had been accepted.
$260 million (As of 11 Aug 04:18:39 PM +UTC) of assets had been returned:
Ethereum: $3.3M
BSC: $256M
Polygon: $1MThe remainings are $269M on Ethereum, $84M on Polygon
— Poly Network (@PolyNetwork2) August 11, 2021
A person claiming to be the perpetrator confirmed that Poly Network had offered him a $500,000 bounty to return the stolen assets and promised that he would not be held accountable for the incident, according to messages shared on Twitter by Tom Robinson, the chief scientist and co-founder of Elliptic, a crypto tracking firm.
Source: Engadget
