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Crypto Hackers Are Nice Now

  • 5 mths ago

Poly

Yesterday “hackers perpetrated what is likely the biggest theft ever in the world of decentralized finance, stealing about $600 million in cryptocurrency from a protocol known as PolyNetwork that lets users swap tokens across multiple blockchains.” There was not much that PolyNetwork could do except ask the hacker nicely to give the money back. So that’s what it did. Poly Network tweeted a picture of a plaintive letter addressed “Dear Hacker.” “We want to establish communication with you and urge you to return the hacked assets,” it says. “The money you stole are from tens of thousands of crypto community members, hence the people. You should talk to us to work out a solution.” 

And, uh, that maybe worked?

Incredibly, hackers appear to have listened. Around $2m has been returned so far. The apparent hackers embedded the message "READY TO RETURN THE FUND!" in an ethereum transaction on Thursday morning. A second message embedded in a transaction read: "IT'S ALREADY A LEGEND TO WIN SO MUCH FORTUNE. IT WILL BE AN ETERNAL LEGEND TO SAVE THE WORLD. I MADE THE DECISION, NO MORE DAO". The return is still in progress and can be monitored on the blockchain.

From a bit later this morning:

The attacker of the $611 million Poly Network exploit has started returning the stolen crypto assets, less than a day after their ID information was reportedly obtained by blockchain security firm Slowmist.  They have now sent back $256 million in tokens out of the haul.

Continue reading: https://www.bloomberg.com/opinion/articles/2021-08-11/crypto-hackers-are-nice-now

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