Cryptocurrency Heist: Poly Network Says Hacked Funds Returned
On Monday, Poly Network said that almost all of the money $610 million stolen this month now been returned. The unknown person or persons behind the attack returned all the money. This was the biggest heist in history in Cryptocurrency. Additionally, we should not avoid the fact that the company even offered a job to the person who did the heist. The person also rejected the job offer asked by the company.
Poly Network on twitter mentioned that it had regained control of all the assets. The company that manages stablecoin tether had frozen $33 million. The network said it was in talks with tether about unfreezing those funds.
As of now, #PolyNetwork has regained control of the $610M (not including the frozen $33M USDT) in assets affected in #polynetworkhack. We are in the process of returning full asset control to users. Tether is confirming the final unfreezing process with us.https://t.co/qP5MIBnexm— Poly Network (@PolyNetwork2) August 23, 2021
The hackers had previously said they did the attack for fun to expose a vulnerability in the platform’s digital contracts and it was always their plan to return the tokens. Some blockchain analysts have speculated they just found it too difficult to launder so much stolen cryptocurrency.
A lesser-known name in the world of crypto, the company is a decentralized finance (DeFi) platform that facilitates peer-to-peer transactions with a focus on allowing users to transfer or swap tokens across different blockchains.