14 DAY TRIAL // The hacker known as Mr. White found a way to resolve one of the biggest cryptocurrency thefts of all time, according to CNBC.
Earlier this week, Poly Network, a decentralized financial network, announced that about $600 million in bitcoin had been stolen from its vaults due to a coding error. The sum was changed immediately to other cryptocurrencies, namely a total of $273 million in Ethereum tokens, $253 million in Binance Smart Chain tokens, and $85 million in USDC.
Surprisingly, the thief known as Mr. White Hat, began recovering assets almost shortly after the discovery and distributed the funds piecemeal, according to reports. In fact, he return a substantial part of the stolen funds right away. On Monday morning, Poly Network received a message from the hacker, who provided the company with the private key for the remainder of the funds and noted that "At this point, all the user assets that were transferred during the incident have been fully recovered".
Mr. White hacked Poly Network in order to increase the project's security
Mr. White said, “Keep calm and this is the happy ending!”, adding “I have to admit that my wild or mad behaviors have led to crises to your project, your team and even your lives. Sorry for the inconvenience! It must be one of the most wild adventures in our lives”.
He reiterated that his hacking actions were to improve the security of the Poly project in his own way. Among the many distinguishing characteristics of this crime was that the perpetrator spoke with his victim in public before eventually returning the assets he had stolen. Security experts believe that the attackers were aware that money or cash is difficult to launder because all transactions are registered on the blockchain, the primary digital currency that supports them, and that they planned accordingly.