The hacker behind Poly Network has returned $256 million in cryptocurrency

The attacker who attacked the Poly Network yesterday has started returning drug money. One reason could be that Slowmist, a blockchain security firm, has learned its identity. So far, the hacker has sent $256 million in loot tokens to victims.

He created a token called “Hacker is ready for surrender” seven minutes before sending the first return transaction.

Then he returned $1 million in USDC via the Polygon blockchain. He did so in three transactions of varying amounts (10, 10,000 and 1 million). He also returned 23.8 BTCB ($1.1 million), 259.7 billion Shiba Inu tokens ($2 million), and $600,000 in stablecoin FEI.

After communicating with the Poly Network code team, the hacker promptly returned almost all assets on Binance’s smartchain. Over $119 million was sent in stablecoins BUSD (for $46.4 million BTCB), as well as 26,629 ETH (for $86 million). This chain still has BNB 6,613 at $2.6 million.

The return came less than a week after the original exploit. This was the largest breach in the DeFi ecosystem’s history. Among the stolen assets were $273 million in Ethereum tokens and $253 million each in Binance Smart Chain tokens. There was also $85 million in USDC via the Polygon Network. Tether has only been able enough to act quickly since then. Stolen USDT and Ethereum were traded for around $33million.

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Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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