{"id":42482,"date":"2021-08-23T15:07:58","date_gmt":"2021-08-23T15:07:58","guid":{"rendered":"https:\/\/packetstormsecurity.com\/news\/view\/32585\/Crypto-Platform-Poly-Network-Says-Hacked-Funds-Returned.html"},"modified":"2021-08-23T15:07:58","modified_gmt":"2021-08-23T15:07:58","slug":"crypto-platform-poly-network-says-hacked-funds-returned","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/crypto-platform-poly-network-says-hacked-funds-returned\/","title":{"rendered":"Crypto Platform Poly Network Says Hacked Funds Returned"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.reuters.com\/resizer\/Rx71wjvMnU-vn_Wp5HOLsaX69zs=\/1200x628\/smart\/filters:quality(80)\/cloudfront-us-east-2.images.arcpublishing.com\/reuters\/V5544Z4TV5LAZHB3D365OSZ3J4.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p data-testid=\"paragraph-0\" class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__large___1i0u1F Body__base___25kqPt Body__large_body___3g04wK ArticleBody__element___3UrnEs\">HONG KONG, Aug 23 (Reuters) &#8211; Cryptocurrency platform Poly Network said on Monday that almost all of the $610 million stolen this month in one of the biggest crypto heists had now been returned by the unknown person or persons behind the attack.<\/p>\n<p data-testid=\"paragraph-1\" class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__large___1i0u1F Body__base___25kqPt Body__large_body___3g04wK ArticleBody__element___3UrnEs\">In a Twitter post, Poly Network said it had regained control of all the assets except for $33 million in stablecoin tether that had been frozen by the company that manages it. The network said it was in talks with tether about unfreezing those funds.<\/p>\n<p data-testid=\"paragraph-2\" class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__large___1i0u1F Body__base___25kqPt Body__large_body___3g04wK ArticleBody__element___3UrnEs\">The hackers had previously said they did the attack for fun to expose a vulnerability in the platform&#8217;s digital contracts and it was always their plan to return the tokens. Some blockchain analysts have speculated they just found it too difficult to launder so much stolen cryptocurrency. <a href=\"https:\/\/www.reuters.com\/technology\/how-hackers-stole-613-million-crypto-tokens-poly-network-2021-08-12\/\" class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__medium___1ocDap Text__large___1i0u1F Link__underline_default___MkI7S8\"> read more <\/a><\/p>\n<p data-testid=\"paragraph-3\" class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__large___1i0u1F Body__base___25kqPt Body__large_body___3g04wK ArticleBody__element___3UrnEs\">A lesser-known name in the world of crypto, Poly Network is a decentralized finance (DeFi) platform that facilitates peer-to-peer transactions with a focus on allowing users to transfer or swap tokens across different blockchains.<\/p>\n<p data-testid=\"paragraph-4\" class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__large___1i0u1F Body__base___25kqPt Body__large_body___3g04wK ArticleBody__element___3UrnEs\">Poly Network announced the hack on Aug. 10 but said the perpetrators had started returning the digital coins the following day. The network also offered the hacker or hackers a $500,000 &#8220;bug bounty&#8221;. <a href=\"https:\/\/www.reuters.com\/technology\/defi-platform-poly-network-reports-hacking-loses-estimated-600-million-2021-08-11\/\" class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__medium___1ocDap Text__large___1i0u1F Link__underline_default___MkI7S8\"> read more <\/a><\/p>\n<p><span class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__default___1Xh7Yh SignOff__text___2onKdN\">Reporting by Alun John; Editing by David Clarke<\/span><\/p>\n<p class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__large___1i0u1F Body__base___25kqPt Body__large_body___3g04wK ArticleBody__element___3UrnEs\">Our Standards: <a href=\"https:\/\/www.thomsonreuters.com\/en\/about-us\/trust-principles.html\" target=\"_blank\" class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__medium___1ocDap Text__large___1i0u1F Link__underline_default___MkI7S8\" rel=\"noopener\">The Thomson Reuters Trust Principles.<\/a><\/p>\n<p>READ MORE <a href=\"https:\/\/packetstormsecurity.com\/news\/view\/32585\/Crypto-Platform-Poly-Network-Says-Hacked-Funds-Returned.html\">HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>READ MORE HERE&#8230;<\/p>\n","protected":false},"author":2,"featured_media":42483,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[277],"tags":[9564],"class_list":["post-42482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cybersecurity-blogs","tag-headlinehackerbankdata-lossflawcryptography"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Crypto Platform Poly Network Says Hacked Funds Returned 2026 | ThreatsHub Cybersecurity News<\/title>\n<meta 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