Cross-chain protocol Poly Network has set up three wallet
addresses hoping that the hacker who drained about $600 million in crypto on
Tuesday will keep their word and return at least some of the stolen funds.
- About 4:00 UTC on Wednesday, the hacker said in a message embedded in
an Ethereum transaction with themselves that they were ready to return the
funds. In another message, they said they
had failed to contact Poly Network and asked for a multisignature wallet
to return the loot.
- The hacker said they were
already a “legend” after pulling off what some, including China-based
Poly Network, have described as the largest DeFi hack in history.
- Poly Network announced the heist on Tuesday evening on Twitter and
posted three addresses on Binance Smart Chain, Ethereum, and Polygon where the
funds were funneled. At the time, the accounts held more than $600 million in
tokens including USDC, shiba inu, wrapped ether, and wrapped bitcoin.
- At the time of writing, the three addresses hold just under $400
million after sending money to other addresses, including DeFi liquidity pool
Ellipsis Finance.
- Poly Network has endorsed the analysis of security company SlowMist, which analyst Kelvin Ficther agrees to, which blames the exploit on a bug related to the protocol’s cross-chain functions. Chinese company BlockSec has stated it’s possible the hack resulted from a leaked private key.
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