“Not very interested in money”: Crypto hacker who stole $600m returns $260m
- A hacker stole $600 million worth of cryptocurrency on Wednesday
- The currency was stolen from Poly Network, a Defi provider
- Later, the hacker returned nearly half the amount and said that he just wanted to make a point
The hacker who stole cryptocurrency worth $600 million from Defi provider Poly Network’s coffers has returned currency worth $260 million on Thursday, the BBC reported. Poly Network posted a tweet announcing the return.
Poly Network said that it had been sent digital tokens of three cryptocurrencies — $3.3 million worth of Ethereum, $256 million worth of Binance Smart Chain (BSC) and $1 million worth of Polygon.
A total of $269 million in Ethereum tokes and $84 million in Polygon token remains to be recovered.
In what seems like an act of self-aggrandizement, the hacker published a three-page question-and-answer session essentially interviewing himself, said Tom Robinson, co-founder of Elliptic, a London-based blockchain analytics and compliance firm to BBC.
The hacker said that he returned the stolen assets because he is “not very interested in money”.
In his notes posted to the blockchain, the hacker said that he did not want to cause any “real panic (in) the crypto-world”. He added that he had spent all night to find a vulnerability in Poly Network’s system that he could exploit and upon finding it, was worried that the network may fix the security patch without telling anyone. So, he decided to take millions of dollars to make a point.
According to security analysts, the nature of blockchain technology is such that it becomes hard for cyber criminals to profit from stealing digital currencies because “everyone can see the money being moved across the network into the hacker’s wallets”.
Following the heist on Thursday, Poly Network had put out a plea for the stolen Ethereum, BinanceChain and OxPolygon tokens to be shunned by traders running “wallets” for stolen cryptocurrency. In a message aimed at the hacker, Poly Network tweeted: “The amount of money you hacked is the biggest one in defi history,” referring to the decentralised finance system involving cryptocurrency.
“The money you stole are from tens of thousands of cypto community members,” the firm said.
Interestingly, while threatening to involve the police, Poly Network had also offered the hackers an opportunity to “work out a solution”. Poly Network had also posted the online addresses used by the hackers and appealed to “miners of affected blockchain and crypto exchanges to blacklist tokens”.