A hacker who stole $611 million in cryptocurrency recovered some of the stolen money

The creators of Poly Network protocol received the key to the wallet that holds the remaining $141 million of stolen funds (including $33 million in USDT Stablecoins)
A hacker who stole $611 million in cryptocurrency recovered some of the stolen money

The hacker who broke into the Poly Network protocol on August 10 and withdrew $611 million gave the project’s developers the key to the wallet that held $141 million of the stolen funds (including $33 million in USDT Stablecoin, which was blocked by the coin’s issuer, Tether).

The wallet, which was given to the creators of Poly Network, also contains $500,000 sent to the hacker as a reward. The unknown person also transferred to this address the donations he received from the cryptocurrency community. The hacker asked the developers to distribute these funds to the victims of the hack.

The hacker called what happened “the craziest adventure of his life,” and signed himself “chief security advisor.” On August 17, the creators of Poly Network offered the hacker to join the project as an advisor.

The hacker decided to return the stolen funds on the morning of August 11. This happened after the creators of the project explained to the hacker that he had committed the largest theft in the history of decentralized finance (DeFi), so the authorities of many countries would prosecute him. The Poly Network protocol was hacked Aug. 10 in the biggest DeFi hack to date.

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The post was written by Crypto Expert John Belford

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