Cryptocurrency heist hacker returns $260m in funds

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BBC News 11 August, 2021 - 06:55pm 49 views

Can Bitcoin be hacked?

Bitcoin is a decentralized digital currency that uses cryptography to secure transactions. ... Blockchain technology and users' constant review of the system have made it difficult to hack bitcoins. Hackers can steal bitcoins by gaining access to bitcoin owners' digital wallets. InvestopediaCan Bitcoin Be Hacked? - Cryptocurrency

Crypto Hackers Are Nice Now

Bloomberg 11 August, 2021 - 09:00pm

Cyber hackers have returned nearly half of the $600 million they stole from DeFi platform Poly Network

Markets Insider 11 August, 2021 - 05:01pm

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Hackers Return Funds From Likely Record DeFi Crypto Attack

Bloomberg 11 August, 2021 - 11:35am

Hackers returned about half of the $610 million or so they pilfered Tuesday in what was likely one of the biggest cryptocurrency thefts on record in the burgeoning DeFi sector.

In a unusual twist, the online thieves pledged to return the entire amount stole from a decentralized finance, or DeFi, protocol known as PolyNetwork that lets users swap tokens across multiple blockchains. It isn’t clear from the PolyNetwork website who runs the protocol.

Poly Network Hacker Starts Returning $600M Loot | Crypto Briefing

Crypto Briefing 11 August, 2021 - 05:36am

My guy, just stop and turn yourself in already pic.twitter.com/wqdnui2azl

— ChainLinkGod.eth 2.0 (@ChainLinkGod) August 10, 2021

Before starting to return the funds, the hacker created a new token called “The hacker is ready to surrender” and sent it to Poly Network’s wallet. The hacker then started transferring USDC to the same wallet over three transactions totaling $1.0101 million. They also sent $1.1 million worth of the Binance-peg Bitcoin token BTCB via Binance Smart Chain, along with $2 million worth of Shiba Inu and $600,000 in stablecoins on Ethereum.

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