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Cryptocurrency

Hackers Return Stolen $260 Million Cryptocurrency After Being Threatened

Hackers Return Stolen $260 Million Cryptocurrency After Being Threatened

  • The hackers stole more than $600 million in cryptocurrency from blockchain platform Poly Network have returned part of the stolen funds
  • The finance company reached out to the hackers on Tuesday urging them to return the funds that were stolen via exploitation of a vulnerability in the network
  • Barely 24 hours after the request, the hackers communicated back promising to return the funds and over $260 million worth of coins have been sent back already

Hackers have returned nearly half of the $600 million worth of cryptocurrencies that was stolen from Poly Network earlier this week.

Naija FM reported the theft which was said to be one of the world’s biggest cryptocurrency heists ever.

The hackers exploited a weakness in the network and transferred various cryptocurrencies such as Ethereum, Binance Coin, and USDC to separate wallets.

Following the attack, Poly Network posted a message for the hackers on social media, urging them to return the stolen funds.

By Wednesday the hackers contacted the finance company and promised to return the crypto assets.

The company replied to them with three addresses where the stolen assets were to be returned.

By Thursday morning, the cybercriminals returned $4.8 million in cryptocurrency and it was followed by another $258 million.

Cryptocurrency

There is $354 million worth of crypto assets to be returned but it is unclear whether the rest of the stolen funds will be returned by the hackers.

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