Poly Network hacker appears ready to return stolen funds

Following an enormous $600 million exploit of cross-chain protocol Poly Community, the Poly Community hacker has claimed his willingness to return the stolen cryptocurrency funds.

At about 4:00 UTC on Wednesday, the hacker despatched an Ethereum transaction to themselves, stating that they had been “able to return the fund” in an embedded transaction message.

Supply: Etherscan

In a subsequent message, the hacker requested for a multisig pockets handle to return the funds to Poly Community. “Didn’t contact the poly. I want a secured multisig pockets from you,” the hacker famous.

Poly Community’s Twitter account posted an replace on Wednesday, offering three separate pockets addresses supposed for the hacker to ship the stolen funds again to the community. “We’re making ready a multisig handle managed by identified Poly addresses,” Poly Community noted in a message embedded to an Ethereum transaction to the hacker’s address.

Cross-chain developer challenge O3 Labs urged that the individual behind the Poly Community’s large decentralized finance (DeFi) exploit may very well be a white hat hacker.

Associated: Potential ‘white hat hacker’ exploits THORChain for $8M, proposes 10% bounty

“It is already a legend to win a lot fortune. It is going to be an everlasting legend to avoid wasting the world. I made the choice, no extra DAO,” one other message from the hacker mentioned.

Poly Community suffered a significant exploit on Tuesday the eliminated property from the Ethereum, Binance Chain, and the Polygon community. At $600 million, the assault is the most important DeFi exploit thus far.

The rising recognition of DeFi has made the sector enticing goal for hackers. In line with an April report by crypto analysis firm Messari, DeFi protocols have misplaced about $285 million to hacks and different exploits since 2019.