Record cryptocurrency theft: hacker returns part of the loot

At 4:00 p.m. GMT, “$ 260 million (…) in assets had been returned”, tweeted the company, including “Ethereum: 3.3 million. BinanceChain: 256 million. OxPolygon: 1 million ”.

“There is still $ 269 million in Ethereum and $ 84 million in Polygon,” Poly Network said.

The company announced on Tuesday the theft of more than $ 600 million in cryptocurrency, stressing that it was the largest ever observed by the sector.

In a letter to hackers posted on Twitter, she urged hackers to “return the assets.”

“This money comes from tens of thousands of members of the crypto community,” the company said.

The company had published the addresses used by hackers and called on cryptocurrency wallet holders to “blacklist” them.

SlowMist, a cybersecurity firm, has let it be known that it is on the hacker’s trail. “Our team found the attacker’s email, his IP and digital traces,” she said on her blog.

Transfers of bitcoins and other crypto-assets are based on a technology – the blockchain or “blockchain” – and a philosophy: to do without intermediaries such as banks, transactions being made directly from user to user. The case is therefore closely followed by the actors of decentralized finance.

A record theft of cryptocurrencies, but not only

“Instead of looting, become an ethical hacker! You are important for the future of decentralization, to standardize blockchain and crypto and to make them more secure! “Tweeted @ zero1_flux, with a link to Poly Network’s letter to the hacker.

“I am offering a 5-10% reward for crypto hacks,” replied @BinomiaPool, who is developing a solution to secure transfers. “It could be a win-win solution: hackers don’t go to jail. The community suffers acceptable losses. The code is improving ”.

The so-called “white hat” pirate practices are encouraged by some industries. They consist, for companies or institutions, to offer rewards to these hackers to find the flaws in their systems and then to reinforce them.

“The authorities of any country will consider your misdeeds to be a major economic crime and you will be prosecuted. (…) You should talk to us to find a solution, ”Poly Network insisted in its letter.

By the end of April, cryptocurrency thefts, hacks and frauds had reached $ 432 million, according to CipherTrace.

“This figure may seem small compared to past years, but if we look in more detail, we observe an alarming trend: hacks in decentralized finance now represent more than 60% of the total volume,” notes the specialist firm.



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