Poly Community hacker returns $258M, conducts AMA on the way it went down


The Poly Community hacker has now returned $258 million to the cross-chain DeFi protocol and  carried out a query and reply session detailing how the preliminary hack went down.

In what’s being described as the biggest DeFi hack up to now, the Poly Community suffered a $612 million exploit on Aug. 10 which noticed the hacker steal belongings from Ethereum, Binance Chain and the Polygon Community.

Tom Robinson, the chief scientist at blockchain analytics agency Elliptic informed Forbes on Aug. 11 that the hacker has now returned roughly $258 million price of funds to Poly to date — with $342 million but to be returned.

The attacker acknowledged their willingness to return the stolen funds on a number of events, which has led to options that it might have been a white hat hack to show Poly an costly lesson about its safety flaws.

Nonetheless, that view wasn’t essentially shared by Robinson who acknowledged that the returning of funds “demonstrates that even when you can steal crypto-assets, laundering them and cashing out is extraordinarily troublesome because of the transparency of the blockchain.”

The hacker has carried out an AMA (Ask Me Something) utilizing embedded messages in Ethereum transactions, and whereas they look like a non-native English speaker, what’s misplaced in translation is their grand plan.

When requested why they had been hacking and why the Poly protocol, specifically, the hacker states “for enjoyable” and since “cross-chain hacking is scorching.”

Regardless of such solutions, they then proceed to assert the hack was carried out for noble causes, and that they’ve since been transferring tokens between addresses solely to maintain them secure:

“When recognizing the bug, I had a blended feeling. Ask your self what to do had you dealing with a lot fortune. Asking the challenge crew politely in order that they will repair it? Anybody could possibly be the traitor given one billion. I can belief no person! The one answer I can give you is saving it in a trusted account.”

“Now everybody smells a way of conspiracy. Insider? Not me, however who is aware of? I take the duty to show the vulnerability earlier than any insiders hiding and exploiting it!” they added.

Customers on Twitter famous that the hacker was asking for steering on learn how to deposit funds into Twister Money, which is a decentralized protocol that permits personal Ethereum transactions.

The attacker was additionally quizzed on why that they had been promoting and swapping a number of the stolen stablecoins, wherein they responded with: “I used to be pissed by the Poly crew for his or her preliminary response.”

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The Poly crew posted an open letter to the hacker yesterday that urged them to return the stolen belongings as “regulation enforcement in any nation will regard this as a serious financial crime and you can be pursued.”

The hacker goes on to say that “they urged others guilty me and hate me earlier than I had any likelihood to answer!” and that that they had no intentions of laundering the cash:

“In the mean time, depositing the stables may earn some curiosity to cowl potential value in order that I’ve extra time to barter with the Poly crew.”