On Friday, a few days after the initial hack for $611 million, the Poly Network project detailed that the company has obtained all the assets stolen minus the frozen tether that was blacklisted by Tether Limited. The Poly Network team said they are in control of the funds along with “Mr. White Hat,” but the repayment process is not complete.
Poly Network Hacker Returns Most of the Stolen Crypto Assets
- According to a message from the Poly Network team, a large majority of the stolen funds from the August 10 hack have been returned. The stash of tether (USDT) are the only funds that remain in limbo according to a recent letter from the Poly Network team.
- The Poly Network hacker stole $611 million worth of ETH, WETH, WBTC, UNI, RENBTC, USDT, USDC, DAI, SHIB, FEI, BNB, and various BEP-20 tokens. All have been returned except the frozen the USDT which equals roughly $33 million in tethers.
- The Poly Network protocol is a cross-chain service that stems from the NEO blockchain project. Poly Network leverages a few different blockchains including Polygon, Ethereum, and the Binance Smart Chain (BSC).
- The hacker and Mr. White Hat communicated with the team for three days, and there’s actually a confession stemming from a Q&A session with Mr. White Hat and the hacker. A lot of people assumed the hacker was exposed by leaving a fingerprint on the relatively unknown crypto exchange Hoo.com.
