Poly Network Hacker Returns $4.7M in Funds — Attacker Asks Devs to Unlock Frozen Tether Stash
defi

Poly Network Hacker Returns $4.7M in Funds — Attacker Asks Devs to Unlock Frozen Tether Stash

THELOGICALINDIAN - On Tuesday the decentralized accounts defi activity Poly Network was afraid for over 600 actor in agenda assets The advance was the better defi drudge to date eclipsing all of 2024s defi hacks accumulated The actual abutting day about the hacker started to accelerate funds aback to the Poly Network aggregation as the projects official Twitter annual says it accustomed 47 actor so far

**Editor’s note: As of 1:45 p.m. (EDT) the hacker has returned $260 actor in tokens.

White Hat Hacker Communicates With Poly Network Attacker

The Poly Network hack will go bottomward in history as one of the better defi attacks back the birth of this technology. In fact, the drudge is up there with some of the better hacks in crypto as it surpassed the Coincheck drudge in 2018 which saw a accident of $530 million. Following the drudge on Poly Network, the aggregation appear a letter that asked the hacker to alpha communicating with the project’s aggregation members. “Law administration in any country will attention this as a above abomination and you will be pursued,” Poly Network’s letter detailed.

The hacker allegedly wrote letters to the Poly Network aggregation and fatigued that the drudge could accept been worse. Now, according to the official Poly Network Twitter account, the activity has apparent $4.7 actor alternate on Wednesday morning. “So far, we accept accustomed a absolute bulk of $4,772,297.675 assets alternate by the hacker,” Poly Network said. The aggregation additionally appear the bulk and blazon of funds the hacker returned. The alternate crypto assets include:

Moving in the Right Direction: Hacker’s Identity Possibly Discovered, Attacker Wants Tether Unfrozen After Sending USDC

On Tuesday it was apparent that a aegis aggregation declared Slowmist published findings on the declared hacker. Slowmist abundant that the hacker’s identification was apparent and the accumulation had admission to the hacker’s email and IP address. According to Slowmist, the hacker was able to advantage a almost alien crypto barter in Asia and they claimed to accept a lot of advice on the attacker.

Reports appearance a white hat hacker has been attempting to acquaint with the Poly Network attacker. “We can action you a aegis compensation back you acknowledgment all the actual assets. We will accommodate a defended abode through email,” the white hat wrote. “The accommodation fabricated by DAO can’t change the actuality that the assets are baseborn from crypto believers. We appetite to action a aegis compensation and we achievement it will be remembered as the better white hat drudge in history,” the white hat hacker added.

Then the hacker was aback “ready to acknowledgment the funds” in a message sent to the Poly Network team. Next the hacker abundant that the attack “failed to acquaintance the Poly” and “I charge a anchored multisig wallet from you. It’s already a fable to win so abundant fortune. It will be an abiding fable to save the world. I fabricated the decision, no added DAO.” The white hat responded and said: “We are advancing a multi-sig abode controlled by accepted Poly addresses.”

The hacker additionally said: “Accept donations to ‘the hidden signer’ now. Encrypt your msg with his pubkey.” Following this statement, the hacker beatific over 1 actor USDC tokens aback to the Poly Network.

“You are affective things [in] the appropriate direction. We accustomed 1 M USDC on Polygon. Did you ask us to encrypt the accepting addresses with your BookKeeper accessible key?” the white hat hacker asked. The hacker again beatific added funds aback to the project’s aggregation members. Next, the hacker would ask the aggregation to accord to an abode if they accurate his decision. The hacker added:

What do you anticipate about the Poly Network drudge and a atom of the bill actuality alternate the abutting day? Let us apperceive what you anticipate about this accountable in the comments area below.

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