Hacker Behind $600 Million USD Crypto Heist Has Returned All of the Stolen Funds

And even offered to give away a $500,000 USD bounty to the victims.

Tech
2,847 Hypes 4 Comments

The hacker behind a major cryptocurrency heist has finally returned all of the stolen funds.

Decentralized finance platform Poly Network reported earlier this month that over $600 million USD in various cryptocurrencies had been stolen by hackers, considered to be one the largest cryptocurrency heists ever. According to CNBCthe hacker exploited a vulnerability in the Poly Network’s code that allowed them to transfer funds.

Over the course of weeks, Poly Network maintained a dialogue with the hacker, even offering them a $500,000 USD “bug bounty” to return the stolen coins and inviting them to act as the company’s “chief security advisor.” The company also promised to release an additional bounty program worth $500,000 USD on the Immunefi platform to encourage researchers to find and report additional security flaws in its code.

The hacker turned down the bounty and in returning some of the final funds, left a message for the platform apologizing for the “inconvenience” and urging it to distribute any extra assets to the victims of the hack.

The Poly Network hack is just one of several hacks that occurred in recent weeks. On August 19, hackers stole an estimated $97 million USD in crypto from Japan-headquartered cryptocurrency exchange Liquid.

In other cryptocurrency news, Bitcoin recently rose to nearly $50,000 USD, signaling a rebound.

Read Full Article

What to Read Next

Hacker Involved in $600 Million USD Worth Crypto Heist Turns Down Reward for Returning the Money
Tech

Hacker Involved in $600 Million USD Worth Crypto Heist Turns Down Reward for Returning the Money

Including refusing immunity for giving back what was stolen.

Hackers Stole $97 Million USD From a Japanese Crypto Exchange
Tech 

Hackers Stole $97 Million USD From a Japanese Crypto Exchange

The latest high-stakes crypto hack.

Hackers Stole Over $600M USD in Cryptocurrencies Before Returning Some of It the Next Day
Tech

Hackers Stole Over $600M USD in Cryptocurrencies Before Returning Some of It the Next Day

A person claiming to be the hacker said they did it “for fun.”


Someone Actually Paid $600 USD For a Copy of 'The Elder Scrolls V: Skyrim'
Gaming

Someone Actually Paid $600 USD For a Copy of 'The Elder Scrolls V: Skyrim'

The game is not even 10 years old.

HBO's 'Succession' and 'Curb Your Enthusiasm' to Return This October
Entertainment

HBO's 'Succession' and 'Curb Your Enthusiasm' to Return This October

As part of the network’s Fall slate.

Don Toliver Announces 'Life of a Don' Fall 2021 Tour Dates
Music

Don Toliver Announces 'Life of a Don' Fall 2021 Tour Dates

Featuring special guest BIA.

Watch the First Official Trailer of 'Spider-Man: No Way Home'
Entertainment

Watch the First Official Trailer of 'Spider-Man: No Way Home'

Sharing a look at Doc Ock’s return, as well as teasing appearances from Green Goblin and Electro.

Strangeloop Studios Brought a 3D Experience to DTLA’s US Bank Tower
Art

Strangeloop Studios Brought a 3D Experience to DTLA’s US Bank Tower

A series of performances by the visual minds behind some of the best live shows.

Daniel Arsham Is Set To Unveil a New Collection of Furniture
Art

Daniel Arsham Is Set To Unveil a New Collection of Furniture

‘Objects for Living: Collection II’ is Arsham’s first solo exhibition at Friedman Benda.


Lil Yachty Drops 'Birthday Mix 6' Featuring Lil Tecca, SoFaygo and More
Music

Lil Yachty Drops 'Birthday Mix 6' Featuring Lil Tecca, SoFaygo and More

Celebrating his 24th year.

Beyoncé and JAY-Z Front Tiffany & Co.'s Historic New Campaign
Fashion

Beyoncé and JAY-Z Front Tiffany & Co.'s Historic New Campaign

Marking the Carters’ inaugural campaign with one another.

Coco Gauff Receives Her Own New Balance 327 Collaboration
Footwear

Coco Gauff Receives Her Own New Balance 327 Collaboration

The rising tennis star’s love for jewelry is translated by the golden links planted on the medial walls.

Mayim Bialik Will Guest Host 'Jeopardy!' Following Mike Richards' Departure
Entertainment

Mayim Bialik Will Guest Host 'Jeopardy!' Following Mike Richards' Departure

The actress is scheduled to film three weeks of episodes.

The Gagosian Is Showing Albert Oehlen’s “Tramonto Spaventoso” in Its Entirety
Art

The Gagosian Is Showing Albert Oehlen’s “Tramonto Spaventoso” in Its Entirety

Housed in a custom-built hexagon at the Marciano Art Foundation

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.