Security News > 2021 > August > Hacker gets 500K reward for returning stolen cryptocurrency

Hacker gets 500K reward for returning stolen cryptocurrency
2021-08-23 19:30

The saga of what has been dubbed the biggest hack in the world of decentralized finance appears to be over as Poly Network recovered more than $610 million in cryptocurrency assets it lost two weeks ago and the hacker received a $500,000 bounty for returning the money.

Today, the hacker, referred to as Mr. White Hat, gave Poly Network access to the last tranche of stolen digital assets in their wallet, worth about $141 million.

On the same day, Poly Network urged the hacker to return the hacked assets and said they were willing to talk things through to "Work out a solution:".

We are in the process of returning full asset control to users as swiftly as possible" - Poly Network.

In about two weeks, Poly Network went from losing more than half a billion U.S. dollars to gaining worldwide notoriety not only for being the victim of the largest cryptocurrency heist by far, but also for recovering all the assets.

The reward may seem small in contrast with the value of the stolen assets but it is a hefty pile when you think that the hacker might not have been able to spend a dime from the loot.


News URL

https://www.bleepingcomputer.com/news/security/hacker-gets-500k-reward-for-returning-stolen-cryptocurrency/