Poly Network faces a hack of $600 million, the largest ... The hacker that stole around $600 million worth of crypto coins from Poly Network has now finished returning them after starting the process nearly two weeks ago ().Poly Network says in a blog . Financial Watch reported on the aftermath of the hack and how the hacker started to troll the project with onchain messages. 37.1 crores) reward as a token of gratitude from the . Poly Network has asked for the return of the funds and tweeted the addresses that the funds are to be returned to. The poly network hacker has returned some of the funds back to poly network. The Flipside Interpretation of the Poly Network Hacker ... The cross-chain DeFi platform - an alliance formed primarily by the teams behind Neo, Ontology, and Switcheo - quickly called on the crypto community to blacklist any of the addresses handling stolen tokens in the attacks which ripped assets from three blockchains; Ethereum . According to O3 Labs, a cross-chain developer project, the exploit on Poly . Poly Network Hackers steal cryptocurrency estimated at $600 from Poly Network . An unidentified hacker has stolen more than $600 million worth of cryptocurrency from Poly Network, a decentralized finance (DeFi) platform based in China.. That may sound counterintuitive given that this $600 million theft represents the biggest DeFi hack of all time, and that the fast-growing DeFi ecosystem is uniquely vulnerable to hacks. Now the Poly Network Hacker had returned more than US$256 Million in Cryptocurrency. Poly Network, a decentralized finance (DeFi) platform, has revealed that this week it fell victim to a massive cryptocurrency hack that led to the organization losing allegedly over $611 million.. Poly Network, a platform designed to carry out interoperability among several chains, has suffered a major hack resulting in the loss of $611 million in cryptocurrencies. The Poly Network hack and subsequent return of funds shows that it's becoming more difficult to pull off large-scale cryptocurrency theft. What is Poly Network: Cross-Chain Interoperability ... As a cross-chain protocol, Poly Network functions along with other blockchains like Ethereum, Polygon, Binance Smart Chain, and more. Poly Network Hack: Over $611 Million in Crypto Stolen ... Poly Network hacker returns $258M, conducts AMA on how it ... Poly Network Defi Hacker Returns $260 million as Chainalysis Evaluates Onchain Movements - The crypto community has been infatuated with the recent decentralized finance (defi) hack that exploited the Poly Network protocol. Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that . Biggest DeFi Hack Ever? Cross-Chain Protocol Poly Network ... The Poly Network Hack. What Does the Poly Network Hack Mean for DeFi? According to its website, Poly Network provides users the ability to trade cryptocurrency assets across different blockchains. It seems the Poly Network hacker has had a change of heart. The Poly Network Hack Gets More Bizarre as Hackers (or Hacker) Start to Return Funds Late on Wednesday, details started to emerge that the hacker or hackers behind Poly Network DeFi heist have returned more than a third of $613 million in digital coins they stole only 24 hours earlier. However this story doesn't end here . In the past forty-eight hours, cross-chain decentralized finance (DeFi) solution, Poly Network was hacked to the tune of over $600 million. A hacker exploited a flaw in the smart contracts of Poly Network to steal approximately $770 million Canadian back on August 10, 2021.Thanks to the transparency that both the Ethereum and Binance Smart Chain blockchains provide, Poly Network was able to pinpoint exactly where the stolen funds were sent and both addresses were provided to the . According to Tom Robinson, the chief scientist and co-founder of the blockchain data tracker Elliptic, USD 258m has been returned so far, while . The hacker transferred the stolen assets to addresses on Ethereum, Binance Smart Chain, and Polygon. However, as of press time, the hacker returned around $260.97 million from the $611 million stolen. Poly Network says it plans to take legal action and urged the hackers to return the stolen funds to several of its digital addresses. Now, according to the official Poly Network Twitter account, the project has seen $4 . The Poly Network hacker has been offered $500,000 . On August 10, 2021, according to the news from the SlowMist Zone, the cross-chain interoperability protocol Poly Network was attacked by hackers. Poly Network, a platform designed to carry out interoperability among several chains, has suffered a major hack resulting in the loss of $611 million in cryptocurrencies. They sent over 1,000 more BTCB ($46.4 million), 26,629 ETH ($86 million) and $119 million in the stablecoin BUSD. The SlowMist security team immediately cut into the analysis and shared the analysis results as follows. The hackers then shortly transferred the property to addresses on Ethereum, Binance Smart Chain and Polygon. How Poly Network Got Hacked for $770 Million. Chainalysis Observes Hackers Onchain Fingerprints Paolo Ardoino tweeted that Tether had frozen $33 million as part of the hack. A hack that shook the entire DeFi market to its very core. Poly Network offers $500,000 reward to crypto hacker who returned stolen assets. As of August 11, at 4:18:39 p.m. (UTC), Poly Network details that the hacker has returned $260 million in assets so far. So far, we have received a total value of $4,772,297.675 assets returned by the hacker. Theo đó, địa chỉ ví mà hacker chuyển tiền vào để tạm giữ đã được xác nhận và dự . Poly Network Confirms Hacker Has Returned Most Of The Stolen Crypto. The address has received roughly $252.5 million worth of crypto from the hacker. On August 10 of 2021, a hacker stole $600 million USD worth of cryptocurrencies from Poly Network under different blockchains. The attacker responsible for yesterday's $600 million hack of decentralized finance interoperability protocol Poly Network sent nearly $5 million worth of crypto back to the project.. ETH address: $2,654,946.051. The plea looked to be gaining some traction, with around $4.8 million in stolen tokens returned by Wednesday afternoon, according to public blockchain records and crypto tracking firm Elliptic. The Poly Network hacker has now returned $258 million to the cross-chain DeFi protocol and conducted a question and answer session detailing how the initial hack went down. For the uninitiated, Poly Network is a decentralized finance (DeFi) platform that facilitates peer-to . Additionally, Poly Network has threatened legal action, urging the hackers to return all assets taken. Các blockchain bị ảnh hưởng bao gồm BSC, Ethereum và Polygon. promo. Poly Network is a decentralized financial blockchain platform suffered from a big hit on Tuesday. — Poly Network (@PolyNetwork2) August 11, 2021. The only assets remaining on this chain are 6,613 BNB ($2.6 million). A Poly Network spokesperson tells ISMG that "the hacker exploited a vulnerability, which is the . The hacker that stole around $600 million worth of crypto coins from Poly Network has now finished returning them after starting the process nearly two weeks ago ().Poly Network says in a blog . The Flipside Interpretation of the Poly Network Hacker. The Poly Network platform where the smart contracts operate. Poly Network, a protocol launched by the . The hacker responds to Poly Network's appeal from the previous day with a message of their own, which states they carried out the hack to reveal the network's vulnerabilities. A few hours later, after speaking to the Poly Network team in encoded messages, the hacker sent back nearly all of the assets on Binance Smart Chain. Poly Network lists the addresses where funds were transferred to in the same Twitter thread, requesting that miners and crypto exchanges blacklist tokens coming from the hacker's addresses. The hacker behind the biggest cryptocurrency heist of all time has granted access to the final tranche of stolen funds. The team behind the project indicated that assets stored on Binance Smart Chain, Ethereum, and Polygon had been transferred to other addresses belonging to the hackers. The perpetrator behind the biggest DeFi attack to date has started to return the stolen funds, on-chain data shows. On the 10th of August 2021, the Poly Network was hacked for at least $611 million in the largest DeFi hack to date. The recent Poly Network inter-chain hack, including Ethereum, Binance Smart Chain, and Polygon, has caused a lot of hype as the hacker returned the stolen funds. One of the smart contracts of the network was attacked by a hacker. The hacker attempted to perform additional transactions with the stolen funds, which were rejected through an Ethereum address. The hacker of the decentralized finance interoperability protocol Poly Network, that just lost over USD 600m, first asked the protocol for a multi-signature (multisig) wallet to return the funds - and has started returning it.Source: iStock/paisan191. Eventually, all assets were returned to Poly Network over the next 15 days. Mr White Hat is credited as being responsible for the $611 million worth of cryptocurrencies that were siphoned from Poly Network last week, making it one of the largest crypto heists to date. Since Poly Network ensures interoperability between different blockchains, it's hard to estimate the whole scope of the hack. BSC address: $1,107,870.815. The hacker's Polygon address sent $10,000 in USDC to a wallet set up by Poly Network at 8:46 UTC on Wednesday, before sending another $1 million 15 minutes later, PolygonScan, a tool that enables . Additionally, Poly Network has insisted that "Mr. White Hat" (how the company addresses the hacker) keep the $500,000 (roughly Rs. Cross-chain decentralized finance (DeFi) platform Poly Network was attacked on Tuesday, with the alleged hacker draining roughly $600 million in crypto. Japanese aggregation protocol O3 Swap has put its cross-chain functionality on hold because of the hack. Hacker steals $600 million from Poly Network in biggest ever cryptocurrency hack. Poly Network has not confirmed the hire. According to Chainalysis, the threat actor began to send the cryptos back to three Poly Network addresses. On August 11, Poly Network updated its Twitter account to announce that the hacker had returned over $4.7 million in funds. Seven minutes hence the hacker's Polygon address returned $10,000 in a stablecoin USDC to a wallet set up by Poly Network at 8:46 UTC. 0. If you take a closer look at this event, you may wonder whether this was attack . Analysis of the incursion revealed that private keys were compromised, made easier due to flaws in Poly Network's smart contract design. The hacker created a token called 'The hacker is ready to surrender' and sent it to the designated Polygon address as a show of cooperation. The hack occurred on the Binance, Ethererum and Polygon networks. Poly Network urged cryptocurrency exchanges to "blacklist tokens" coming from the addresses that were linked to the hackers. The hackers have yet to provide the private key authorization for the 28,953 Ether and 1,032 Wrapped Bitcoin tokens, worth about US$141 million, that are still in the mulit . The interoperability . The hacker behind a Poly network attack that resulted in more than $600 million worth of crypto being stolen has started returning the stolen funds.. A total of $258 million worth of crypto assets had been returned by August 11th after several cybersecurity experts publicly committed to tracking the hacker while several exchanges and miners blacklisted addresses related to the hack. On August 10th, 2021, Poly Network was attacked by anonymous white hat hacker or hackers, causing over $610 million in digital crypto assets at the price of that date to be transferred to hacker-controlled addresses. The hacker's IP address and wallets have been identified, and Poly Network has urged them to return the stolen assets. There would be no guarantees that the perpetrator of the attack wiould return all of the stolen funds. Hackers have stolen some $600 million in cryptocurrency from the decentralized finance platform Poly Network, in what it says is the largest theft in the industry's history. Poly Network showed the transfer history made on early Tuesday . It was one of the biggest hacks on DeFi yet, we're talking about $611M. Aug 18 Update: In an August 17 Medium article, the Poly Network team announced that they had offered the hacker, whom they refer to as "Mr. White Hat," the position of Chief Security Officer along with a $500,000 bounty for identifying the exploit. Poly Network advised its customers, cryptocurrency exchanges like Binance and Coinbase Pro, and miners to refuse transactions from specific wallet addresses to thwart the thieves. The Poly Network revealed this much in an update on the sequel of events that started eight days ago when an anonymous hacker stole over $612m worth of digital assets from the . Poly Network Hacker Returns Funds. — Poly Network (@PolyNetwork2) August 10, 2021 The hacker behind the attack has transferred the stolen assets to addresses on Ethereum, Binance Smart Chain, and Polygon.. The hacker signed off the message to the Poly Network team as "your chief security advisor," possibly suggesting that he had accepted the network's job offer. Key Facts. The analysis firm SlowMist determined the vulnerability of the DeFi Poly Network that was exploited by the hacker. Poly Network - Vụ hack crypto lớn nhất lịch sử. The attack on Poly Network, a protocol allowing users to swap cryptocurrency (including bitcoin) across different blockchains, is believed to be one of the largest cryptocurrency hacks ever. Poly Network Hacker Gets A Job Offer. In the latest twist to the Poly Network . The hacker exploited a vulnerability between contract calls, exploit was not caused by the single keeper as rumored," it said. Hackers have stolen some $600 million in cryptocurrency from the decentralized finance platform Poly Network, in what it says is the largest theft in the industry's history. The crypto market has been rocked by the news of what might be the biggest DeFi hack in history. Standoff between Poly Network and Hacker over keys to multisig wallet. This was the largest security incident in DeFi's history in terms of the value of stolen assets at the . Previously, Poly Network introduced on its Twitter channel that the platform had suffered a critical safety breach. This was in an embedded message to an Ethereum transaction sent to the hacker's address. Another transaction followed, 15 minutes hence, and $1 . The return of the funds, scattered across three blockchains, started following threats by Polygon network that it would take serious legal action. The reversal comes less than 24 hours after the hacker took over $600 million across Ethereum mainnet, Binance Smart Chain, and Polygon. Days after the cryptocurrency platform Poly Network issued a $500,000 reward for the return of $610 million in stolen funds, the purported . Your chance to claim 9,500 KASTA is here! August 19, 2021. In the post, the team declared they have "no intention of holding Mr . As a cross-chain protocol, Poly Network functions along with other blockchains like Ethereum, Polygon, Binance Smart Chain, and more. Transactions publicly stored on the blockchain show an address belonging to Poly's hacker started returning the roughly $610 million in stolen cryptocurrency assets through several . Since then, however, the hacker increased the scale of returns. The hacker allegedly wrote messages to the Poly Network team and stressed that the hack could have been worse. The analysis firm SlowMist determined the vulnerability of the DeFi Poly Network that was exploited by the hacker. After a bit more back-and-forth between Poly Network and the attacker on Aug. 23, all of the stolen funds were returned, including a $500,000 bug bounty paid by Poly Network and other donations. — Poly Network (@PolyNetwork2) August 10, 2021. The Poly Network attack was the largest hack in DeFi history where attackers, now dubbed as Mr. White Hat, exploited a loophole in the network that has now been fixed. 2 min read. Mới đây, trang Twitter của Poly Network xác nhận họ đã bị tấn công xuyên chuỗi. Update: hacker begins returning stolen funds. An address linked with the infamous hacker of decentralized finance (DeFi) cross-chain bridging protocol, Poly Network, has returned over $260 million stolen from the network. Furthermore, Poly Network disclosed its preparation for a multisig address that is under the control of known Poly addresses. The hacker, known as 'White Hat', still has over $250 million to return. The Poly Network hacker has now returned $258 million to the cross-chain DeFi protocol and conducted a question and answer session detailing how the initial hack went down. Hackers allegedly breached blockchain-based platform Poly Network and extracted more than $600 million in cryptocurrencies on Tuesday, the company announced on Twitter, marking the . $610M hack amount distributed into three wallet addresses. The assets are transferred to hacker's addresses and consist of: $273mn Ethereum; $253mn BSC; $85mn Polygon; August 11th $260mn is returned. Earlier today, Poly Network developers told the hacker (via a message attached to an Ethereum transaction) that they are preparing a multi-signature address controlled by "known Poly addresses." Poly Network hack - hacker doxxed, doesn't care about money, beggars begging. to the address Mr White Hat had made public. This is the biggest DeFi hack recorded in the history of DeFi. About $33 million of Tether that was part of the theft has been frozen . Most of the funds withdrawn during the hack have been returned, minus the $33 million frozen by Tether. The hack summed up to be an enormous $610 million, with the amount being unevenly distributed into three blockchain addresses. The hacker transferred the stolen assets to addresses on Ethereum, Binance Smart Chain, and Polygon. by Vlad Hatze. Now the Poly Network Hacker had returned more than US$256 Million in Cryptocurrency. Topline. Hacker Did it "for Fun" As reported by CryptoPotato on August 10, the interoperability cross-chain DeFi protocol was exploited for more than $600 million. Poly Network Hacker Returns $610M In Stolen Crypto. There would be no guarantees that the perpetrator of the attack wiould return all of the stolen funds. Poly Network, a platform in the decentralized finance or "DeFi" space, was . COMEDY. Claim now on Bybit! > Poly Network Hacker Still Holds $141 Million from the Recent Crypto Heist . It reported a loot of over $600 million through its Twitter handle, the approximate estimate is around $611 million USD. However, the hackers returned $260 million worth of tokens in less than 24 hours. Today there was a hack on the Poly Network (not to be confused with Polygon). I recommend opening this twitter thread and have a look for yourselves. Poly Network also requested the hackers to return the stolen assets, while simultaneously threatening them with legal action. The hacker claims to have used a temporary and "untraceable" email and IP address. The hack. This resulted in a transfer of $612 million worth of ETH, USDT, and NEO to multiple proxy wallets. At the time of writing, the vast majority of the repaid funds resided in Poly Network's Binance Smart Chain wallet. — Poly Network (@PolyNetwork2) August 10, 2021. In what is being described as the largest DeFi hack to date, the Poly Network suffered a $612 million exploit on Aug. 10 which saw the hacker steal assets from Ethereum . It seems the hacker is a white hatter (one driven by ethics) as they returned several . The longer the story goes on, the more details and speculation about the hacker's true motives appear. Hackers pulled off the biggest ever cryptocurrency heist on Tuesday, stealing more than $600 million in digital coins from token-swapping platform Poly Network, only to return nearly all the . Another cross-chain undertaking was hacked, this time Poly Network. Smart contracts that allow users to swap native tokens of the aforementioned platforms and more. — Poly Network (@PolyNetwork2) August 11, 2021. The Poly Network hack also ranks the highest in our list of the largest crypto hacks in history. This hacker seems like he is on the inside with Poly NetworkTwitter: http://twit. It is difficult to estimate the scale of the hack because the Poly network allows interoperability among different blockchains. At 6am ET on August 10, over half a billion dollars worth of crypto assets were stolen from Poly Network, a cross-chain protocol that facilitates token swaps across multiple blockchains including Ethereum, Binance Smart Chain and Polygon.. With the total drained at $600M, this is the biggest DeFi hack in history, dwarfing the $59M EasyFi exploit that held the unenviable record until now. Poly Network subsequently shared the details of three multi-sig addresses on Polygon, Ethereum, and Binance Smart Chain on Twitter, while stating that they hoped the hacker would transfer the . Created by the Founder of NEO, the Poly Network discovered three wallet addresses the hackers used to siphon funds. Poly Network, a so-called decentralised finance platform that facilitates peer-to-peer transactions, announced the hack on Twitter and posted details of digital wallets to which it said the money was transferred, urging people to blacklist tokens from those addresses. In August 2021, hackers pulled off one of the biggest ever cryptocurrency heists stealing $613 million in digital coins from token-swapping platform Poly Network. Japanese aggregation protocol O3 Swap has put its cross-chain functionality on hold because of the hack. On August 10 th, Poly Network reported that an undisclosed attacker hacked a smart contract of the network, transferring the equivalent of roughly 610 million USD (mainly in Ether, Binance Coin and USDC) and moving them to external wallet addresses. There have been other substantial hacks since then, among them the April 19 EasyFi hack , in which $6 million in stablecoins and nearly three million EZ coins then worth $120 million were stolen. 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