One of probably the most uncommon cryptocurrency heists in current reminiscence has come to an in depth. On Monday, Poly Network, a decentralized finance platform that noticed a hacker named “Mr. White Hat” exploit a vulnerability in its code to steal $610 million in Ethereum, Shiba Inu and different cryptocurrencies, says it has recovered all the cash it misplaced within the theft.
“At this point, all the user assets that were transferred during the incident have been fully recovered,” the corporate said in a Medium post. Poly Network is now working to return management of these digital currencies to their rightful house owners, a course of the corporate says it hopes to finish as quickly as potential.
The Poly Network hack took one unusual flip after one other. Less than a day after stealing the digital currencies, the hacker began returning thousands and thousands and despatched a token indicating they have been “ready to surrender.” Everything was going easily till they locked greater than $200 million in belongings in an account that required passwords from each them and Poly Network. They stated they might solely present their password as soon as everybody was “ready.” At that time, Poly Network provided the hacker a $500,000 reward.
It’s unclear why the perpetrator had a change of coronary heart, although some consultants consider they could have discovered it tough to launder and money out the cash they’d on their fingers. All we’ve to go on from the hacker is that they have been attempting to assist in their very own means.
“My actions, which may be considered weird, are my efforts to contribute to the security of the Poly project in my personal style,” the hacker stated in a message they included with the ultimate transaction, based on CNBC. “The consensus was reached in a painful and obscure way, but it works.”
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