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Poly Network hacker returns less than 1% of the $ 600 million theft

These transfers have occurred in the three wallets associated with the Poly Network hacker on the Ethereum, Binance Smart Chain (BSC) and Polygon networks. Poly Network confirmed the receipt of the funds returned via a tweet issued on Tuesday.

Etherscan details show that USD 2 million in Shiba Inu (SHIB) and USD 616,000 in Fei USD (FEI) tokens are being returned.

BscScan data also shows that the hacker returned 23.88 Binance-peg Bitcoin (BTCB) to Poly Network. At the time of writing this article, the “coins” are worth a little over $ 1 million. The hacker’s BSC wallet still shows outgoing transactions for USD Coin (USDC) and Binance USD (BUSD), but these do not represent a significant figure.

From the attacker’s Polygon wallet address, a refund of $ 1,010,100 was sent in three transactions: $ 10, $ 100, and $ 1 million, respectively.

Total, the hacker has returned $ 4.6 million, which is less than 1% of the more than $ 600 million taken from the Poly Network in the hack.

The hacker still has around $ 500 million in tokens with most of the sum in Ether (ETH), including ETH pegged to Binance, and wrapped Bitcoin (WBTC) on the BSC and Ethereum chains, as well as Dai (DAI ) and USDC stablecoins.

As Cointelegraph previously reported, the Poly Network attack is the largest decentralized finance (DeFi) hack to date, bringing the total value of thefts in the market segment to more than $ 1.1 billion in 2021, nearly 10 times the losses. totals recorded in 2020.

In fact, since the second half of 2020, DeFi has contributed a higher proportion of crypto thefts amid a decline in incidents of centralized exchange hacks.

Keep reading:

Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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