of a hack on a protocol called the Poly Network. And now, whoever stole it seems to be in the process of returning it, according to CNBC and Chainalysis. According to Bloomberg, it’s quite possibly one of the largest hacks in the decentralized finance, or DeFi, space.
The Poly Network is a protocol that lets people transfer cryptocurrencies between blockchains. And because of that role as a bridge, the stolen assets come in the form of hundreds of different types of tokens — from Ethereum to Binance’s BNB to Dogecoin.
The Poly Network cites the massive amount of money stolen in a message to the hacker, which it posted on Twitter. The message begins “Dear Hacker” and goes on to talk about how the attacker would be in trouble with law enforcement for stealing from “the people.”
The message may have worked. The hacker posted a string of messages (by embedding text in transactions sent to themselves), saying they were ready to return the stolen funds but needed some way to send them back to Poly Network. Poly Network provided addresses to send the crypto to, and the coins have started to flow.