Poly Network Hacker Releases Private Key for Remaining Looted $141M
23 Aug, 2021•1 min read•Other
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.