Poly Network, a platform that facilitates cryptocurrency transactions including bitcoin, was hacked earlier this week, resulting in a multi-million dollar loss.
earlier today. Of the returned assets, $4.6m are believed to be in ethereum, $252m in BSC and $85m in polygon. The remaining $268m on ethereum have yet to be returned, according to the platform.
In the embedded messages shared from the hacker's account, the person claimed to have spent all night looking for a vulnerability to exploit and decided to take millions of dollars in cryptocurrency tokens to make a point. "Either they just intended to commit theft and steal the assets, or they were acting like a white hat hacker to expose a bug, to help Poly Network make themselves more strong and secure," Robinson told the."I wonder whether this hacker stole the funds, realized how much publicity and attention they were getting, realized wherever they moved the funds they would be watched, and decided to give it back," he added.
The Elliptic co-founder told Reuters that the decision to return the money could be due to the difficulty of laundering stolen crypto on such a large scale. "Even if you can steal cryptoassets, laundering them and cashing out is extremely difficult, due to the transparency of the blockchain and the broad use of blockchain analytics by financial institutions," Robinson said.has contacted Poly Network for comment.
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