THELOGICALINDIAN - The Poly Network hacker has appear the clandestine key to a wallet absolute 140 actor account of agenda assets it blanket beforehand this ages
The Poly Network drudge saga has appear to an end, as the bearding hacker dubbed “Mr. Whitehat” has accustomed abroad the clandestine key to a multi-sig wallet absolute over $140 actor in baseborn funds.
Poly Network Accesses Hacker’s Private Key
The Poly Network hacker has aboveboard appear the private key to a multi-sig wallet absolute over $140 actor in WBTC and ETH that they blanket from the project.
A final bulletin addressed to the aggregation accepted that their “wild or mad” behavior led to a above crisis. The adventure has been alleged the better DeFi drudge in history, with over $600 actor baseborn from the cross-chain interoperability protocol.
Last week, afterwards negotiations with the Poly Network team, the hacker deposited best of the baseborn funds into a multi-sig wallet controlled by both parties. This wallet was controlled by altered clandestine keys captivated by the hacker and the Poly Network team.
Soon after, with the hacker’s cooperation, the aggregation started the accretion process. But, the abounding accretion of the baseborn assets was delayed aftermost anniversary as the hacker still withheld the clandestine key to the multi-signature wallet.
Over $140 million remained in the wallet, including 28,953 ETH and 1,032 WBTC, for which the aggregation accessible clandestine key allotment from the hacker. Today, afterwards the hacker dubbed “Mr. Whitehat” handed over the clandestine key to the multi-sig wallet, the aggregation can absolutely balance the funds.
In an Ethereum transaction, the hacker wrote a bulletin that brought much-awaited cease to the aegis incident. The hacker said they never advised demography the multi-sig walet as earnest for ransom. They added:
“SORRY FOR THE INCONVENIENCE! IT MUST BE ONE OF THE MOST WILD ADVENTURES IN OUR LIVES.”
In an beforehand “Q&A” altercation on Ethereum, the hacker said they had conducted the advance in acceptable faith, both “for fun” and to betrayal Poly Network’s aegis vulnerability.
In response, the Poly Network aggregation declared the hacker as a “whitehat,” and offered a compensation of $500,000. The hacker initially accustomed the compensation but absitively to accelerate that to the aforementioned multi-sig wallet to be acclimated for compensating the victims of the hack.
In a Monday tweet, the Poly Network aggregation thanked the hacker and said that it was “ready for a new journey.”
Besides the funds aural the aggregate multi-sig wallet, an added $33 million in USD Tether (USDT) in the hacker’s wallet were frozen. The Poly Network aggregation confirmed it was in the action of convalescent those funds too.
