'Mr. White Hat' shares private key for remaining $141M in stolen Poly Network funds


The Poly Community hacker, or hackers, have returned the ultimate piece of the $610 million they’d stolen from the DeFi community almost two weeks in the past.

Through a weblog put up on Monday, Poly Community confirmed that they’d efficiently retrieved the remaining 28,953 ETH and 1,032 WBTC, value about $141 million. This was potential solely after the hacker, dubbed “Mr. White Hat,” shared a personal key to the multi-signature pockets holding the funds via an on-chain message.

Poly Community was hit by a significant hack earlier this month, ensuing within the lack of over $600 million in crypto-funds. This was by far the most costly hack within the historical past of the DeFi house, albeit one with a contented ending.

Some analysts have claimed that the hackers have been capable of exploit a vulnerability on the community. A vulnerability that gave them entry to the switch of those funds to their very own accounts. Others, nonetheless, have advised that “Mr. White Hat” was capable of receive Poly Community’s personal keys.

Whereas the hackers asserted that the train was solely leisure, consultants consider that it is just too tough for them to launder such an enormous amount of cash. Particularly since the entire transactions would have been saved on the blockchain.

Nonetheless, the hackers had instantly promised to return all of the stolen funds after opening a dialogue with their sufferer. Within the final transaction, they even embedded an extended observe apologizing for the heist and calling it “some of the wild adventures in our lives.”

Whilst they returned part of the stolen funds, $200 million have been trapped in a multi-signature account which required keys possessed by each the hackers and the community. The hackers had initially refused to return the important thing, saying they’d accomplish that solely when “everybody is prepared.”

Poly Community had beforehand provided the hackers a $500,000 “safety bug bounty” for recognizing the safety flaw. It even provided the hacker a job because the community’s Chief Safety Officer. Furthermore, a stream of donations has been going the hacker’s means since.

Nevertheless, whereas entry to a lot of the funds has been granted to the DeFi community, $33 million in Tether stays inaccessible after they have been frozen by their issuers final week. The weblog put up claimed that “the ultimate unfreezing course of” is already underway.

Whereas thanking “Mr. White Hat for his cooperation and for protecting his promise,” the community added,

“At this level, all of the consumer belongings that have been transferred out throughout the incident have been totally recovered. We’re within the technique of returning full asset management to customers as swiftly as potential.”





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