Beautiful Virgin Islands

Monday, Jun 23, 2025

Poly Network Hacker Returns Stolen $610 million, Not interested in $500K Bounty

Poly Network Hacker Returns Stolen $610 million, Not interested in $500K Bounty

"The poly did offered a bounty, but I have never responded to them. Instead, I will send all of their money back," the hacker commented.
The hacker behind a $610 million attack on Poly Network, the cross-chain decentralized finance (DeFi) protocol, has returned almost all of the stolen funds. Poly Network project credited hacker’s actions as “white hat behavior.”

Thursday update on the attack from Poly Network revealed that all of the $610 million in funds taken in an exploit that used “a vulnerability between contract calls” have now been transferred to a multisig wallet controlled by the project and the hacker. $33 million in Tether (USDT), were frozen immediately following news of the attack.

Poly Network team has been in communication with the hacker through embedded messages in Ethereum transactions. The hacker seemed to have not planned to transfer the funds after successfully stealing them, and claimed to do the hack “for fun” because “cross-chain hacking is hot.”

However, after speaking with the project and users, the hacker returned $258 million of the funds on Wednesday. Poly Network said it determined that the attack constituted “white hat behavior” and offered the hacker, now dubbed “Mr. White Hat,” a $500,000 bounty:

“We assure you that you will not be accountable for this incident. We hope that you can return all the tokens as soon as possible […] We will send you the 500k bounty when the remainings are returned except the frozen USDT.”

“The poly did offered a bounty, but I have never responded to them. Instead, I will send all of their money back,” said the hacker in an Ethereum message.

With the remainder of the funds, with the exception of the frozen USDT, now returned, the biggest hack in decentralized finance seems to be coming to an end.

The hacker’s identity has yet to be made public, bubt Chinese cybersecurity firm SlowMist posted an update shortly after news of the hack broke, saying its analysts had identified the attacker’s email address, IP address and device fingerprint.

Source: Poly Network Hacker Returns Stolen Funds, Doesn’t Want $500K Bounty – Fintechs.fi
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Starmer Invites Innovators to Join Government Talent Scheme
UK Economy’s Strong Opening Quarter Shows Signs of Cooling
Harrods Seeks Court Order to Secure Al Fayed Estate for Victims
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
BBC Demands Perplexity AI Immediately Stop Using Its Content
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
Political Turmoil Resurfaces in Belgium Amid Economic Concerns
Fed policymakers divided on timing of interest rate cuts
Trump signals imminent agreement with Harvard University
Inheritance tax referendum alarms Swiss billionaire community
Japan cancels bilateral security meeting amid US defence demands
AI skeptic Emily Bender warns that ‘the emperor has no clothes’
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
UK Home Secretary Apologizes Over Child Grooming Failures
×