Poly Network Hacker Releases Private Key for Remaining Looted $141M

Poly Network Hacker Releases Private Key for Remaining Looted $141M

The attacker who hacked more than $600 million out of Poly Network has released the private key for the remaining $141 million of looted cryptocurrency.

  • In a note to the Poly Network team, the attacker referred to the saga as "one of the most wild adventures in our lives."
  • The note was posted to Twitter by Chinese reporter Colin Wu.
  • The majority of the funds stolen in the Aug. 10 attack had already been recovered, but the attacker last week threatened to delay publishing the private key for the remainder.
  • In the note to Poly Network, the attacker described his reasoning behind the delay citing desire to "unlock the USDT."
  • USDT developer Tether had taken the active step of freezing $33 million worth of the stablecoin that was looted in the attack.
  • "In my selfish view, the story is tainted by the locked USDT. It would have been a perfect example of building trust between anonymous 'adversaries' by leveraging the power of smart contract."
  • The hack is considered the largest of its kind ever in decentralized finance (DeFi), highlighting the risks for investors and traders in the space.
  • Source