Poly Network reports that all of its pirated assets have been returned

Image for article titled All $ 610 Million Stolen in a Heist Cryptography History Has Been Returned, According to Poly Network

photo: Dan Kitwood (Getty Images)

He looks like the hacker behind Poly Network historical theft has he had a change of heart. The cryptography platform confirmed in a post on the company blog Monday that the anonymous pirate (or hacker) that successfully stolen approximately $ 610 million in cryptographic assets of his platform had finally yielded the final stretch of its ill-earned gains.

“At this time, all user resources that were transferred during the incident have been fully recovered,” the company wrote, adding that it had “recovered” the latter approximately $ 141 million in tabs today before. Poly also thanked “Mr. White hat ”: the name he named the hacker: to cooperate with the company so far. Earlier this month, the anonymous operator he wrote in an audience “Ask me anything” session conducted by the company who had always intended to return the millions of dollars in assets and who hoped that Poly “[learned] something of these attacks ”.

When asked why they had eliminated the theft in the first place, they simply replied “for fun,” with a smiling lil face, as does a.

It could be said that things have been less fun for Poly, who promised the hacker a $ 50,000 reward, not to mention a literal work to the company in exchange for a $ 200 million share of assets earlier this month. This was at the top of the previous offer of $ 500,000 that the hacker had already rejected, insisting it would be best to give it “to the technical community that has contributed to the security of the blockchain.”

Tsaid the company in its blog post that this has “officially started the process” of returning most of the funds to affected users, not including the approximately $ 33 million in Tether currently frozen that the encryption provider froze shortly after it was caught by the hack. Poly assured users that Tether “is confirming the final thawing process with us.” After that, all protected assets will return to circulation, Poly users will re-operate and the entire saga will officially end. And when you do, hopefully, everyone involved will take security a little more seriously.

Poly network confirmed to CNBC that they would not be held legally liable to Mr. White Hat, though they carried out what is arguably the greatest whim of all time. The $ 610 million in stolen goods exceeded two of the other major cases we’ve seen recently, including the approximately $ 535 million stolen from Coincheck, a Japanese cryptocurrency exchange, and the $ 450 million stolen at Mt. Gox before filing for bankruptcy in 2014.

However, unlike in each of these cases, Poly was lucky enough to be run over by a hacker who was less interested in making a profit and more interested, well, in having fun. 🙂

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