Poly Network Hacker Returns Less than 1% of $ 600 Million Theft


These transfers were made via the three wallets connected to the Poly Network hacker in the Ethereum, Binance Smart Chain (BSC) and Polygon networks. Poly Network confirmed receipt of the returned funds via a tweet posted on Tuesday.

Details from Etherscan reveal that Shiba Inu (SHIB) worth $ 2 million and Fei USD (FEI) tokens worth $ 616,000 will be returned.

Related articles

Data from BscScan also shows that the hacker returned 23.88 Binance-Peg-Bitcoin (BTCB) to the Poly network. At the time of writing, the “coins” are worth just over $ 1 million. The hacker’s BSC wallet still shows outgoing transactions for USD Coin (USDC) and Binance USD (BUSD), but these are not a significant number.

From the attacker’s polygon wallet address, $ 1,010,100 was refunded in three transactions – $ 10, $ 100 and $ 1 million, respectively.

In total, the hacker returned $ 4.6 million, which is less than 1% of the over $ 600 million that Poly Network took off as a result of the hack.

The hacker is still holding tokens worth around $ 500 million, with the bulk of the sum held in Ether (ETH), including Binance-linked ETH and Bitcoin (WBTC) on both BSC and Ethereum chains as well as Dai (DAI) and USDC stablecoins.

Related: Hackers stole at least $ 600 million in poly exploit in three chains

As Cointelegraph previously reported, the Poly Network attack is the largest decentralized finance (DeFi) hacker to date, bringing the total value of thefts in the market segment to over $ 1.1 billion in 2021, almost ten times the total losses in 2020 .

In fact, DeFi has contributed a greater proportion of crypto thefts in a decrease in hacking incidents at centralized exchanges since the second half of 2020.