Quote:A threat actor called “Mr. White Hat” has returned the $610 million they stole from the decentralized finance platform Poly Network. The breached company did everything from threaten to sic law enforcement on the attacker on up to its ultimate offer: the position of chief security officer in exchange for getting its money back.
Instead of falling victim to the largest DeFi heist in history, all it wound up costing Poly Networks was a bit of embarrassment.
Mr. White Hat, as Poly Network dubbed him, said the plan was never to keep the money, just to prove there are security weaknesses associated with DeFi platforms.
The money was returned in different phases, with the remainder released when the attacker shared the key to a multi-signature wallet on Monday, Coin Rivet added.
“Poly Network has successfully retrieved the remaining 28,953 ETH and 1,032 WBTC (about $141 million),” the company said in a statement, according to the cryptocurrency-focused publication Coin Rivet.
“At this point, all the user assets that were transferred out during the incident have been fully recovered,” Poly Network said. “Thanks to Mr. White Hat’s cooperation, Poly Network has officially entered the fourth phase of our roadmap ‘Asset Recovery’. We are in the process of returning full asset control to users as swiftly as possible.”
The Poly Network DeFi platform connects various blockchains so they can all work together to build a wider infrastructure. Poly Network has not responded to Threatpost’s request for comment.
Read more: Poly Network Recoups $610M Stolen from DeFi Platform
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