Hacker jokingly steals $600m worth of crypto on Poly Network, then returns it

One of the largest cryptocurrency heists was performed on Wednesday following the loss of over $600 million worth of crypto to unknown hackers.

The hacker stated they jokingly hacked the system of Poly Network, to “expose the vulnerability” in the blockchain site, and claimed not to be interested in the money stolen.

The hacker’s statement was shared by blockchain forensics company, Chainalysis, and crypto tracking firm, Elliptic. According to the report, they attempted the hack to prevent anyone from exploiting it.

The yet to be identified hacker stayed true to the statement, as the stolen cryptocurrencies, which included Ethereum, were gradually returned in small and large transfer sizes.

Read also: Iranian hackers target US military formations, Defence companies

Analysis by Chainalysis and Elliptic stated that about $260 million worth of cryptocurrency has been returned to Poly Network – this follows a public message from the blockchain firm on Twitter.

Hours before the hacker refunded part of the stolen assets, Poly Network stated that the action will be viewed as a crime in several countries, so a clampdown will be melted out on the perpetrator.

Poly Network described the hack as one of the biggest in defi [decentralised finance] history, adding that, “Law enforcement in any country will regard this as a major economic crime and you will be pursued.

“The money you stole are from tens of thousands of crypto community members”, Poly Network said in the letter.

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