PolyNetwork hack: Defi’s biggest hacking saga has a happy ending

PolyNetwork, a cross-chain Defi protocol that was the victim of the biggest Defi hack that resulted in the theft of $ 610 million in funds, finally got about $ 200 million in private keys to the remaining fund. PolyNetwork thanked hacker for returning the remaining funds, saying they were ready for a new “journey.””Protocol called the hacker a” white hat ” and even offered him a job as chief security officer.

Dear “Hacker”;,

Thank you! We’re ready for another trip.

Poly network Team: / / T. co / djwsVJRXrN

– Poly network (@PolyNetwork2), August 23, 2021

Source: EtherScan
The protocol was hacked on August 10, when the hacker managed to overwrite the accountants “permission.”These accountants were responsible for approving transactions throughout the chain. The hacker behind the attack managed to move funds from ethereum, Binance and Polygon to three different blockchain portfolios.

The developers of the Cross-chain defi project have asked the hackers to return the fund, threatening legal consequences. Most of the funds have been converted into USDC, USDT and BUSD fixed currencies. Initial reports stated that the hacker first tried to launder money through the Curve protocol, but the first transactions failed because Tether blocked USDT transactions from the hacker’s wallet.

The hacker later agreed to pay back the money, claiming he could withdraw billions if he decided to transfer other money. The link between PolyNetwork and the hacker lasted about two weeks, and when it first received about $ 400 million in assets, the remaining $ 200 million was decommissioned today.

Multi-Network Maintains Cross-Chain Support
The biggest Defi hack to prove the floating finger of a very popular and successful industry has met a happy ending after a hacker handed back all the funds. PolyNetwork took steps to normalize the functionality of the platform. Maintains cross-chaining function

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