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Poly Network claims a hacker returned stolen $600 million


A colossal, as well as bizarre crypto heist story seems to have reached its end. Poly Network, a decentralized finance (DeFi) platform, announced the hacker that stole over $600 million in one of the largest crypto heists had returned control of the money.

"At this point, all the user assets that were transferred out during the incident have been fully recovered," the company said in a statement.

The only funds that are not in the platform's control are $33 million in stablecoin tether that had been frozen by the company that manages it.

Poly Network claims that it is currently in the process of returning asset control to its users. For almost two weeks, stolen funds were under joint supervision between the company and the hacker.

An unknown hacker or a group of hackers stole over $610 million worth of crypto assets from Poly Network earlier this August, breaking headlines with one of the largest crypto heists in history.

The hacker claimed to have no interest in money, attributing the crime to curiosity as well as an attempt to expose dangerous vulnerabilities.

In a series of public exchanges, the company thanked the hacker for exposing security flaws, offered a $500 thousand 'bug bounty', and went as far as to ask the unknown threat actor to become companies' Chief security advisor.


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