Poly Network Recovers The Hacked Money Successfully

Poly Network announced on Twitter that it had regained control of all assets save $33 million in stablecoin tether, which had been locked by the business in charge of it.


On Monday, cryptocurrency platform Poly Network said that the mystery person or persons behind one of the largest crypto heists has returned virtually all of the $610 million taken earlier this month.

Poly Network announced on Twitter that it had regained control of all assets save $33 million in stablecoin tether, which had been locked by the business in charge of it. The network stated that it was in contact with tether to have the funds unfrozen.

The hackers previously stated that they carried out the attack for the sake of exposing a flaw in the platform’s digital contracts, and that it was always their intention to return the tokens. Some blockchain experts believe it was simply too difficult for them to launder so much stolen cryptocurrency.

The Poly network also addressed hackers for exploiting bugs in the database and welcomes them to join poly network.

It’s one of the strangest cryptocurrency stories we’ve heard in a long time. The heist was believed to be the largest crypto heist ever, surpassing the $534.8 million stolen from Japanese digital currency exchange Coincheck in a 2018 hack and the estimated $450 million worth of bitcoin stolen from Tokyo-based Mt. Gox in 2014.

Last week, the Japanese crypto exchange Liquid announced that it had been the victim of a cyberattack in which hackers stole $97 million worth of digital currency.

Poly Network said that,

“At this point, all the user assets that were transferred out during the incident have been fully recovered. We are in the process of returning full asset control to users as swiftly as possible.”

An unidentified person claiming to be the hacker said they were “(quitting) the show” in a note embedded in a crypto transaction.

The hacker further added that,

“Keep calm and this is the happy ending!. I have to admit that my wild or mad behaviors have led to crises to your project, your team and even your lives. Sorry for the inconvenience! It must be one of the most wild adventures in our lives.”

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