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Poly Network Hacker Returns $342 Million Of Stolen Assets - Programming - Nairaland

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Poly Network Hacker Returns $342 Million Of Stolen Assets by Nobody: 10:30pm On Aug 12, 2021

The hacker behind what is considered to be the biggest cryptocurrency heist in history has now returned $342 million (£247 million) worth of stolen assets.

This is according to Poly Network, a blockchain platform that fell victim to the virtual robbery on Tuesday, having lost $610 million (£440 million) worth of Ether, Binance, and USDC tokens.


The company made the announcement on its Twitter page, that as of 8pm UTC (9pm BST) on Thursday, it had been reunited with $256 million worth of BSC, $4.6 million Ethereum, and $85 million Polygon – more than half of the total stolen assets.

“The remaining is $268M on Ethereum,” Poly Networks stated.

The hacker behind the heist started returning the stolen cryptocurrency tokens on Wednesday afternoon following an open letter published by the company urging for “establish communication” and the return of the stolen assets. It also asked “miners of affected blockchain and crypto exchanges to blacklist tokens” associated with the hacker’s wallet.

https://www.google.com/amp/s/www.itpro.co.uk/technology/cryptocurrencies/360551/poly-network-hacker-returns-342-million-of-stolen-assets%3famp

7 Likes 2 Shares

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by Zaxbash1: 10:59pm On Aug 12, 2021
cool shocked sai buwary

7 Likes

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by Odewaleadesoye(m): 12:31am On Aug 13, 2021

5 Likes 1 Share

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by olola4(m): 12:32am On Aug 13, 2021
Please if you are good in Web Development and Mobile App Development, ready to start work immediately , stays very close to Ikeja, Lagos and will accept a very reasonable amount of money for a start please send your cv and portfolio to recruit@gen128bs.com
Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by leksite120(m): 12:32am On Aug 13, 2021
This one is not an elebi hacker.

Or what could have caused the return of the money.

Maybe he could see that he cannot jut escape not being caught.

25 Likes 2 Shares

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by youtubewizzy: 12:32am On Aug 13, 2021
Fams I started a new youtube channel for cryptocurrency, search for Emillionaire tv and please subscribe thanks
Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by SultanOfPuna: 12:33am On Aug 13, 2021
Chinese Hacker go just wake up,
Type code for system.. next thing boom
$50 million don enter account.

Nigerian Hackers go baff naked for street
Carry girlfriend pant do ritual
Chop alive chicken raw
Dance for river
At the end Nothing go show..
Even Babalowo dey scam scammers
This life no balance at all..

142 Likes 10 Shares

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by Demzyl(m): 12:33am On Aug 13, 2021
Nawa
Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by heykims(m): 12:33am On Aug 13, 2021
Make I no lie, I no really understand the write up. Who's with me?

4 Likes 1 Share

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by kenbee(f): 12:33am On Aug 13, 2021
Maybe, he was only testing his hacking technique

Next will be.......
Zoom and the entire value may disappear

15 Likes 2 Shares

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by dayveed1(m): 12:33am On Aug 13, 2021
Whitehackers

1 Like

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by NwaNimo1(m): 12:34am On Aug 13, 2021

16 Likes 1 Share

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by Flytime: 12:34am On Aug 13, 2021
I'm suprised an hacker would return stolen assets,they probably had something against the hacker

6 Likes

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by EvilSec: 12:35am On Aug 13, 2021
The hacker returned the money because they asked him nicely.

You're a hacker and you've just stolen 600 million dollars. You know you can't keep it. What do you do with it to cause maximum havoc?

Option 1: Write a smart contract that allows withdrawing 1% of the current balance once daily from an admin address
Deposit 600M
Publish private key to admin address
Watch daily reorgs occur for months on end
Option 2: return the money.

36 Likes

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by YeyeGbami: 12:36am On Aug 13, 2021
leksite120:
This one is not an elebi hacker.

Or what could have caused the return of the money.

Maybe he could see that he cannot jut escape not being caught.

He said he just wan make dem know about the loophole, but if he had warned the company some insider fit sharply steal the funds.

He did the right thing, they don dey blacklist the tokens, although if he wan spend am he might be done already.

32 Likes

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by SatanicBoss: 12:37am On Aug 13, 2021
heykims:
Make I no lie, I no really understand the write up. Who's with me?
the people dey ment cheesy

2 Likes 1 Share

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by Hillarie(m): 12:37am On Aug 13, 2021
Dude said something about not being really interested money and that he only hacked the network to so as to point their attention to their flawed security.

I hope he fully returns the whole asset, though. That's a lot of people's sweat and investments

26 Likes

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by DoctorDree(m): 12:42am On Aug 13, 2021
Most hackers just want to prove a point

49 Likes 1 Share

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by Afuzefirstson(m): 12:42am On Aug 13, 2021
White hat hackers.

4 Likes

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by DropsMic(m): 12:43am On Aug 13, 2021
Integrity

1 Like 1 Share

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by onedayatime(m): 12:44am On Aug 13, 2021
EvilSec:
The hacker returned the money because they asked him nicely.

You're a hacker and you've just stolen 600 million dollars. You know you can't keep it. What do you do with it to cause maximum havoc?

Option 1: Write a smart contract that allows withdrawing 1% of the current balance once daily from an admin address
Deposit 600M
Publish private key to admin address
Watch daily reorgs occur for months on end
Option 2: return the money.
Are you a blockchain developer?

7 Likes

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by armadeo(m): 12:46am On Aug 13, 2021
EvilSec:
The hacker returned the money because they asked him nicely.

You're a hacker and you've just stolen 600 million dollars. You know you can't keep it. What do you do with it to cause maximum havoc?

Option 1: Write a smart contract that allows withdrawing 1% of the current balance once daily from an admin address
Deposit 600M
Publish private key to admin address
Watch daily reorgs occur for months on end
Option 2: return the money.

Pls Pls xplain this is English to us.

The option 1 I mean.

2 Likes

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by MANNABBQGRILLS: 12:47am On Aug 13, 2021
Nice of them

2 Likes 2 Shares

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by Xscape047: 12:53am On Aug 13, 2021
What2Do
Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by Hoodnigga123: 12:56am On Aug 13, 2021
Generous hackers
Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by chloride6: 12:58am On Aug 13, 2021
The Binance coin would have been impossible to steal..

The BSC is centralised with CZ controlling more than 45% of nodes...

More like post nut clarity.

10 Likes 1 Share

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by leofab(f): 12:59am On Aug 13, 2021
Hackers with conscience
Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by PotatoSalad(m): 1:04am On Aug 13, 2021
Hackers that detect and exploit vulnerabilities in a network. They said they were just having fun.
Unlike one hushp...

Hillarie:
Dude said something about not being really interested money and that he only hacked the network to so as to point their attention to their flawed security.

I hope he fully returns the whole asset, though. That's a lot of people's sweat and investments

Correct.

12 Likes

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by LikeAking: 1:05am On Aug 13, 2021
Na arrangi. dem wan trend.

1 Like

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by neyoflexzyl(m): 1:07am On Aug 13, 2021
Hmm
Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by femlad97(m): 1:18am On Aug 13, 2021
DoctorDree:
Most hackers just want to prove a point
which point??....na whitehacker jare....naijahacker no dey prove point

17 Likes

Re: Poly Network Hacker Returns $342 Million Of Stolen Assets by seunaj: 1:24am On Aug 13, 2021
I expected a massive drop after the news but it never happened. That's how strong crypto has become. However it is weird to think that you can invest a fortune in crypto and someone will just wipe it off from the comfort of his room. Maybe the so-called Blockchain technology is overhyped afterall

30 Likes 2 Shares

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