NEW YORK, Aug 12 ― Hackers behind one of the biggest ever cryptocurrency heists have returned more than a third of about US$600 million (RM2.5 billion) in digital coins they stole, blockchain researchers said on Wednesday. Poly Network, a decentralised finance platform that facilitates...
NEW YORK, Aug 12 ― Hackers behind one of the biggest ever cryptocurrency heists have returned more than a third of about US$600 million in digital coins they stole, blockchain researchers said on Wednesday.
Poly Network, which allows users to swap tokens across different blockchains, later urged the hackers to return the stolen funds to several of its digital addresses, saying it planned to take legal action. A person claiming to have perpetrated the hack said they did it “for fun” and wanted to “expose the vulnerability” before others could exploit it, according to digital messages shared by Elliptic and Chainalysis.
Tom Robinson, Elliptic’s co-founder, said the decision to return the money could have been prompted by the headaches of laundering stolen crypto on such a scale. Poly Network did not respond to requests for more details. It was not immediately clear where the platform is based, or whether any law enforcement agency was investigating the heist.
The Poly Network attack comes as losses from theft, hacks and fraud related to decentralised finance hit an all-time high, according to crypto intelligence company CipherTrace.
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