LONDON—Hackers behind one of the biggest ever digital coin heists have now returned over half of the $610 million-plus they stole, the cryptocurrency platform targeted by the hack said on Thursday. Poly Network, a platform that facilitates peer-to-peer transactions, said on Twitter that, as of 0818 GMT, hackers had returned $342 million of the currencies stolen. Some $268 million worth of tokens are still outstanding, it said. Poly Network, which allows users to transfer or swap tokens across different blockchains, said on Tuesday it had been hit by the cyber heists, urging the culprits to return the stolen funds. The theft illustrated the risks of the mostly unregulated decentralized finance (DeFi) sector. DeFi platforms allow users to conduct transactions, usually in cryptocurrency, without traditional gatekeepers such as banks or exchanges. The Poly Network hacker or hackers, who have not been identified, started returning the stolen coins on Wednesday. Blockchain analysts …
Over Half of Crypto Tokens Stolen in $610 Million Hack Now Returned, Poly Network Says
August 12, 2021
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