Poly Community hacker seems able to return stolen funds


Following a large $600 million exploit of cross-chain protocol Poly Community, the Poly Community hacker has claimed his willingness to return the stolen cryptocurrency funds.

At about 4:00 UTC on Wednesday, the hacker despatched an Ethereum transaction to themselves, stating that they have been “able to return the fund” in an embedded transaction message.

Supply: Etherscan

In a subsequent message, the hacker requested for a multisig pockets deal with to return the funds to Poly Community. “Did not contact the poly. I want a secured multisig pockets from you,” the hacker famous.

Poly Community’s Twitter account posted an replace on Wednesday, offering three separate pockets addresses supposed for the hacker to ship the stolen funds again to the community. “We’re getting ready a multisig deal with managed by recognized Poly addresses,” Poly Community famous in a message embedded to an Ethereum transaction to the hacker’s deal with.

Cross-chain developer challenge O3 Labs steered that the individual behind the Poly Community’s large decentralized finance (DeFi) exploit may very well be a white hat hacker.

Associated: Potential ‘white hat hacker’ exploits THORChain for $8M, proposes 10% bounty

“It is already a legend to win a lot fortune. Will probably be an everlasting legend to save lots of the world. I made the choice, no extra DAO,” one other message from the hacker stated.

The attacker subsequently began returning the stolen funds, sending again over $1 million in USD Coin (USDC) on the Polygon blockchain as of round 8:00 UTC. Poly Community since confirmed a receipt of funds, stating: “You’re shifting issues to the correct route. We acquired 1+M USDC on Polygon. Did you ask us to encrypt the receiving addresses together with your BookKeeper public key?”

Poly Community suffered a significant exploit on Tuesday the eliminated belongings from the Ethereum, Binance Chain, and the Polygon community. At $600 million, the assault is the biggest DeFi exploit to this point.

The rising recognition of DeFi has made the sector enticing goal for hackers. In response to an April report by crypto analysis firm Messari, DeFi protocols have misplaced about $285 million to hacks and different exploits since 2019.

Disclaimer: This text was up to date to mirror that the Poly Community hacker began returning the stolen funds.