{"id":42274,"date":"2021-08-11T23:18:04","date_gmt":"2021-08-11T23:18:04","guid":{"rendered":"https:\/\/www.threatshub.org\/blog\/thief-hands-back-at-least-a-third-of-600m-in-crypto-coins-stolen-from-poly-network\/"},"modified":"2021-08-11T23:18:04","modified_gmt":"2021-08-11T23:18:04","slug":"thief-hands-back-at-least-a-third-of-600m-in-crypto-coins-stolen-from-poly-network","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/thief-hands-back-at-least-a-third-of-600m-in-crypto-coins-stolen-from-poly-network\/","title":{"rendered":"Thief hands back at least a third of $600m in crypto-coins stolen from Poly Network"},"content":{"rendered":"

Whoever drained roughly $600m in cryptocurrencies from Poly Network is said to have returned at least $260m so far.<\/p>\n

The cyber super-heist<\/a>, revealed yesterday, was described by Poly Network as the largest of its kind in decentralized finance history. The Chinese biz, which handles the exchange of cryptocurencies and other tokens between various blockchains, today said more than a third of the money pilfered from its systems has been returned.<\/p>\n

Here’s what Poly Network had to say earlier:<\/p>\n

\n

$260 million (As of 11 Aug 04:18:39 PM +UTC) of assets had been returned:
\n
Ethereum: $3.3M
\n
BSC: $256M
\n
Polygon: $1M\n<\/p>\n

The remainings are $269M on Ethereum, $84M on Polygon<\/p>\n

\u2014 Poly Network (@PolyNetwork2) August 11, 2021<\/a><\/p><\/blockquote>\n

Poly Network said the crook was able to interfere with the execution of smart contracts<\/a> \u2013 typically, small programs that automatically run to fulfill agreements between parties \u2013 that are used by the platform to exchange people’s tokens and coins. Thus, funds were siphoned off in transit as opposed to being extracted directly from digital wallets.<\/p>\n

You can find more technical detail here<\/a> by security analysts Slowmist, and here<\/a> by blockchain watchers Chainalysis.<\/p>\n