Poly Network hacker returns less than 1% of the $600M theft
Poly Network hacker returns less than one% of the $600M theft
The returned sum represents merely a minor portion of the over $600 million stolen from Poly Network.
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These transfers have occurred across the iii wallets associated with the Poly Network hacker across the Ethereum, Binance Smart Concatenation (BSC) and Polygon networks. Poly Network confirmed receipt of the returned funds via a tweet issued on Tuesday.
Details from Etherscan show that $ii meg worth of Shiba Inu (SHIB) and $616,000 in Fei USD (FEI) tokens are being returned.
— Poly Network (@PolyNetwork2) August 11, 2022So far, nosotros accept received a total value of $4,772,297.675 assets returned by the hacker.
ETH address: $2,654,946.051
BSC address: $ane,107,870.815
Polygon accost: $i,009,480.809 movie.twitter.com/bPFAQk4mvS
Data from BscScan also shows the hacker returning 23.88 Binance-peg Bitcoin (BTCB) to the Poly Network. Equally of the fourth dimension of writing, the "coins" are worth a little over $1 million. The hacker's BSC wallet still shows approachable transactions for USD Coin (USDC) and Binance USD (BUSD), but these exercise not amount to a significant figure.
From the attacker'southward Polygon wallet accost, in that location has been a refund of $1,010,100 USD sent in three transactions — $10, $100 and $i 1000000, respectively.
In total, the hacker has returned $iv.6 one thousand thousand, which is less than i% of the over $600 million drained from Poly Network in the hack.
The hacker withal holds almost $500 million worth of tokens with the bulk of the sum held in Ether (ETH), including Binance-pegged ETH, and wrapped Bitcoin (WBTC) on both BSC and Ethereum chains, equally well equally Dai (DAI) and USDC stablecoins.
Related: Hackers stole at to the lowest degree $600M in Poly exploit across three chains
As previously reported by Cointelegraph, the Poly Network attack is the largest decentralized finance (DeFi) hack to date, taking the total value of thefts in the market segment to over $1.1 billion in 2022, almost 10 times the total losses recorded in 2022.
Indeed, since the latter half of 2022, DeFi has been contributing a greater share of crypto thefts among a refuse in centralized exchange hacking incidents.
Source: https://cointelegraph.com/news/poly-network-hacker-returns-less-than-1-of-the-600m-theft
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