Poly Network hacker returns all stolen funds and says the goal of the theft was to 'point out some crucial facts about this crazy DeFi world'

Aug 23, 2021 10:00 pm Cyber Security 377

Bill Hinton/Getty Images

The hacker who penetrated the DeFi platform Poly Network returned all stolen funds on Monday.

$33 million in tether remains frozen by the stablecoin's parent company, which Poly Network said it was working to restore.

"In my selfish view, the story is tainted by the locked [tether]," the hacker wrote in a message on the ethereum blockchain.

The hacker who penetrated DeFi platform Poly Network returned all stolen funds on Monday, a week after the network offered to hire them as chief security advisor.

In a blog post on Monday, Poly Network confirmed that the hacker, who it called Mr. White Hat, had returned the $610 million in stolen money. $33 million in tether remains frozen by the stablecoin's parent company, which Poly Network said it was working to restore.

Also on Monday, the hacker issued a message on the ethereum blockchain explaining their rationale for delaying returning the stolen funds. The hack initially occurred on August 10, with about half of the money returned the following day.

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