Digital Assets: “Dear Hacker, Please Give Us Back The $600M You Stole.”

August 11, 2021 | Digital Assets, Latest News, News
https://dailyalts.com/wp-content/uploads/2021/08/cyber-4188762_640.jpg

In what could be the biggest crypto heist ever, a criminal hacked $600 million worth of tokens from a blockchain network.

But there’s a twist in the tale. Though the hacker exploited a vulnerability in blockchain network Poly Network and made off with that huge amount, it seems they had a change of heart and have started returning the stolen assets. (Coin Telegraph)

The heist

CNBC reported earlier today that Poly Network, a decentralized finance platform that connects different blockchains so that they can work together, had been hacked for $600 million.

In a plaintive “Dear Hacker” letter posted on Twitter, Poly Network urged the hacker to return the assets because it belonged to “tens of thousands of crypto community members, hence the people.”

CNBC said the hackers had immediately started to route the stolen money to various other cryptocurrency addresses.

According to researchers at security company SlowMist, about $610 million had been transferred to three different addresses. SlowMist said they had “grasped the attacker’s mailbox, IP, and device fingerprints” and are “tracking possible identity clues related to the Poly Network attacker.”

This may have triggered the sympathetic but unexpected response from the hackers by way of an offer to return the assets.

Hacker sends messages

Earlier today, according to Coin Telegraph, the hacker sent an Ethereum transaction to themselves and said “ready to return the fund” in the transaction message.

In a later message, the hacker noted that they failed to contact Poly and that “I need a secured multisig wallet from you.”

“It’s already a legend to win so much fortune. It will be an eternal legend to save the world. I made the decision, no more DAO,” the hacker said in another message.

Meanwhile, Poly Network has provided three wallet addresses and tweeted them for the hacker to use to return the money.

Related Story:  The Pegasus Spyware From Israel’s NSO Group Hacked Phones Of Journalists And Activists                         

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2021/12/60148621_1291834164298938_7384402834688573440_n.jpg
FinTech: LatAm BNPL Provider Kueski Nabs $202M Series C Round
December 3, 2021     FinTech, News, Venture Capital

Kueski is one of the largest buy-now-pay-later (BNPL) and digital lenders in Latin America. It announced December 2 its close of a $202 million Series C debt and equity round….

https://dailyalts.com/wp-content/uploads/2021/12/bitcoin-gd3611bef8_640.jpg
Digital Assets: Renowned Investor Charlie Munger Sides With China On Its Crypto Ban
December 3, 2021     Digital Assets, News

Charlie Munger has shot off another broadside against bitcoin, endorsing China’s action in banning cryptos. A long-standing bitcoin skeptic, Munger was speaking in an interview for the Sohn Hearts &…

https://dailyalts.com/wp-content/uploads/2021/12/rider-img.jpg
Venture Capital: 15-Minute Delivery Startup JOKR Raises $260M Series B
December 3, 2021     News, Venture Capital

New York-based instant grocery delivery startup JOKR has become a unicorn within nine months of its launch and raised a $260 million Series B within five months of raising $170…

https://dailyalts.com/wp-content/uploads/2021/12/img-scaled.jpeg
Venture Capital: Porsche Buys A Stake In Sustainable Homes-Focused Startup 1KOMMA5°

Porsche, the German car maker, has taken a stake in Hamburg-based startup 1KOMMA5° through its venture finance arm, Porsche Ventures. The startup seeks to boost the rollout of presently decentralized…