The Limited Times

Now you can see non-English news...

$ 600 million cryptocurrency heist: the hacker has returned almost all of his loot

2021-08-16T12:38:44.034Z


After several days of negotiations, the Poly Network platform convinced a certain MrWhiteHat to return the equivalent of 600 million


He claims to have acted "for fun" but has given a cold sweat to millions of cryptocurrency owners.

In an incredible turnaround, the hacker behind the theft of just over $ 611 million in various virtual currencies returned the proceeds of his piracy to Poly Network this weekend.

However, with the cooperation of Mr. White Hat and the support of all other parties, the entire incident has now arrived at a provisional result, but we still have a long way ahead of us before we can finally return the control of the assets back to users.

- Poly Network (@ PolyNetwork2) August 13, 2021

This decentralized finance platform that allows for cryptocurrency transfers implored hackers to return the virtual money of its users.

After establishing a channel of communication, the robber, nicknamed MrWhiteHat in reference to the "nice" hackers looking for computer loopholes, began returning the stolen Ethereum, BinanceCoin and Polygon tokens.

Of the $ 612 million, only the equivalent of $ 33.4 million is missing because they have been "frozen" on an independent wallet.

"I'm not very interested in money"

After detecting an anomaly in the system, this ethical hacker would have decided to put the "tokens" in the shelter before someone much less well intentioned got hold of them.

MrWhiteHat also explained in somewhat surreal exchanges the reason for his initial hack and why he had not hesitated to return the funds.

“This has always been the plan.

I am not very interested in the money.

I realize that it hurts to be attacked but there is a lesson to be learned from this theft for them, right?

»Supports the one who exploited the security flaw since corrected thanks to his instructions.

Poly Network offered the hacker $ 500,000 as a reward and promised him that he would "not be prosecuted for this incident".

He declined the proposal because it achieved its objective: to prove that no system is infallible.

Source: leparis

All news articles on 2021-08-16

You may like

Life/Entertain 2024-03-26T13:35:58.411Z

Trends 24h

News/Politics 2024-04-18T09:29:37.790Z
News/Politics 2024-04-18T14:05:39.328Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.