Get the scoop on finance - sign up for mobile alerts
Scams, Hacks & Breaches
| On
August 13, 2021

Hacker Claims $600 Million in Stolen Crypto Will Be Returned, Poly Network Says Final Key Must Be Turned Over

By Daily Hodl Staff

The hacker involved in one of the biggest decentralized finance (DeFi) exploits in history is copping to the heist and returning the more than half-a-billion-dollar sum.

The cross-chain swapping DeFi tool Poly Network, which was recently hacked by a pseudonymous attacker known as Mr. White Hat, announced on Twitter that they are working with the thief to retrieve all funds lost in the recent attack on their network.

ADVERTISEMENT

Poly Network says that all the funds have yet to be returned, but the team is communicating with Mr. White Hat to “receive the final key.”

At time of publishing, $342 million of the stolen assets have been returned to Poly Network. The remaining lost funds are worth $268 million on the Ethereum network.

As Poly Network works to gather the lost funds, Mr. White Hat is agreeing to be interviewed.

The thief told an interviewer this week that they performed the attack on the DeFi project “for fun” and that “cross chain hacking is hot.”

ADVERTISEMENT

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
&nbsp
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Design Projects