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Poly Network Hacker Starts Sending Back the $600M Stolen Funds

Poly Network Hacker Starts Sending Back the $600M Stolen Funds
  • The Poly Network Hacker has started sending back the $600 million stolen funds
  • They sent $10,000 in USDC at 8:46 UTC on Wednesday.
  • Poly Network has also received $1m from the attackers 15 min after the first transaction.

The notorious hacker that recently stole the $600 million on the Poly Network has started returning the funds. The move came a day after the Poly Network announced that the company had lost such a huge amount of money.

So far, the attacker has sent back $10,000 in USDC to the Poly Network designated wallet. Notably, they sent the above amount at 8:46 UTC on Wednesday. More so, after 15 minutes from the first transaction, the hacker again sent another $1 million to the Poly Network wallet.

To successfully receive the fund from the hackers, the Poly Network prepared about 3 wallets. Precisely, the Poly Network created the wallets on Ethereum, Binance Smart Chain, and polygon.

Comparing how much the attackers have sent, it is very clear that the hacker has a long way to go if he is to send all that they stole. Moreover, before sending back the funds, the hacker wrote a mysterious message in a transaction.

The message reads,

ACCEPT DONATIONS TO “THE HIDDEN SIGNER” NOW. ENCRYPT YOUR MSG WITH HIS PUBKEY.

According to the report, the hacker mainly wrote the message to show some concern. Also, they used it as a tactic to let the world know that they are ready to bring back the stolen funds.

Furthermore, O3 Labs, the Poly Network affiliate Neo mentioned that the attacker is most likely to be whitehat instead of blackhat. Within the Poly Network incident, O3 Labs has stopped some functions of its cross-chain protocol 03 Swap.

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Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.