Hackers Return Nearly Half of the $600M Stolen in Record-Breaking Crypto Theft

It appears that the hackers responsible for the largest crypto heist in history may have undergone a change of heart, and are beginning to return some of the stolen funds to the Poly Network.

On Tuesday, the cross-chain protocol Poly Network revealed that cybercriminals had stolen more than $600 million in ethereum, binance, and USDc tokens, transferring the assets to three main addresses. However, in a sudden reversal of events the next day, the hackers sent a message to Poly Network, announcing that they were “ready to return” the stolen money.

Come Wednesday morning, over $4.8 million of the stolen funds were returned, and by the afternoon, approximately $258 million was sent back to the DeFi platform’s addresses. “I think this demonstrates that even if you can steal cryptoassets, laundering them and cashing out is extremely difficult, due to the transparency of the blockchain and the use of blockchain analytics,” explained Tom Robinson, chief scientist of blockchain analytics firm Elliptic to CNBC.

Information for this briefing was found via the Poly Network and CNBC. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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