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+--- Thread: Crypto Thief Steals $600M, Only to Return It (/Thread-Crypto-Thief-Steals-600M-Only-to-Return-It)
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Crypto Thief Steals $600M, Only to Return It - Dismas - 08-14-2021
Would be easy for a couple million to go missing. Wouldn't be surprised if he's retired on an island by now.
Quote:The hacker who breached the Poly Network crypto platform says the theft was just "for fun” and that the hacker is now returning the stolen coins. The hacker also claimed that the tokens had been transferred to the hacker's own wallets to “keep it safe.”
Poly Network first disclosed the hack on Tuesday, saying that the hacker, or hackers, had stolen crypto coins worth about $600 million at the time of the heist. The thousands of tokens included $270 million on the Ethereum blockchain, $250 million on the Binance Smart Chain, $84 million on the Polygon network, and a smattering of other smaller coins, like Tether, Shiba Inu, and Matic.
As of 4 am this morning, Poly Network says $342 million has been returned. The remainder, which is apparently all in Ethereum, is being “gradually transferred,” the company said.
Poly Network operates a platform that allows people to move tokens between different blockchains, using smart contracts that help to automate the process. The hacker exploited a vulnerability in one of Poly Network's smart contracts, the company said in a tweet. That smart contract required a large amount of liquidity so that transactions between different blockchains could be completed quickly and efficiently.
Read More: https://arstechnica.com/tech-policy/2021/08/hacker-is-returning-600m-in-crypto-claiming-theft-was-just-for-fun/
RE: Crypto Thief Steals $600M, Only to Return It - Zack_puffs - 08-14-2021
Why didn't he just get away with it and just chill
RE: Crypto Thief Steals $600M, Only to Return It - mikelowrey - 08-15-2021
I would have transfered 20mil to every charity i could think of.
Then found an island for sale that accepted btc.
RE: Crypto Thief Steals $600M, Only to Return It - mothered - 08-15-2021
(08-14-2021, 10:31 PM)Zack_puffs Wrote: Why didn't he just get away with it and just chillAlmost every thief would've done that.
This guy probably felt guilty of his actions.
RE: Crypto Thief Steals $600M, Only to Return It - d4ggm4sk - 08-15-2021
looks like quite a good sum. I mean, atleast he can always bribe the guards out of jail
RE: Crypto Thief Steals $600M, Only to Return It - Spooky - 08-15-2021
Lol imagine if he held it then the value appreciated and took 1% off the top. He could return the other 99% and still be loaded.
RE: Crypto Thief Steals $600M, Only to Return It - Accident Man - 08-16-2021
I doubt we will ever know the complete truth behind this story.
RE: Crypto Thief Steals $600M, Only to Return It - Marshland - 08-17-2021
Maybe he got scared or didn't know what to do with all those cryptocurrencies. I'm not sure how you would launder that amount of money without leaving a trace.
RE: Crypto Thief Steals $600M, Only to Return It - mothered - 08-18-2021
(08-15-2021, 10:06 PM)d4ggm4sk Wrote: I mean, atleast he can always bribe the guards out of jailUnfortunately for him, he's (gradually) returned It.
RE: Crypto Thief Steals $600M, Only to Return It - flippenflop - 08-18-2021
That's a lot of money. Definitely felt guilt