Plot Twist: The $600M PolyNetwork Hacker ‘is Ready To Return The Funds’

The drama with the largest DeFi hack worth more than $600 million has taken another turn. After the perpetrator dabbled with potentially allowing a DAO to decide where the funds will go, he actually noted that he is ready to return them.

• CryptoPotato reported yesterday one of the largest hacks in the industry to date when the interoperability protocol PolyNetwork was exploited for over $600 million worth of various digital assets.
• New information regarding the attack started emerging immediately, including external analysis about how the project had used a single keeper wallet to protect the funds. Consequently, the hacker was able to sign off on a contract transferring all funds to his addresses after obtaining the relevant private key.
• However, PolyNetwork provided another explanation, indicating that the perpetrator exploited a vulnerability between contract calls.
• In the following hours, the attacker made transaction on the already marked addresses embedding a code with his intentions of what to do with the funds. It reads, “what if I make a new token and let the DAO decide where the tokens go?”
• The comments went wild, from users asking for the funds for themselves to such pleading that the hacker simply return them.
• PolyNetwork also contacted the attacker, saying, “law enforcement in any country will regard this as a major economic crime, and you will be pursued.” The team also urged him to initiate contact for a solution as it is “very unwise for you to do any further transactions.”
• It seems that these comments have helped as the hacker made another transaction just hours ago. In it, he embedded a more promising input data, saying, “ready to return the fund!”
• PolyNetwork responded again by providing all the necessary addresses where the attacker can send the funds back to – on Ethereum, Polygon, and Binance Smart Chain.