, APAC
About $354m in crypto tokens, mostly Ethereum tokens, are yet to be returned.

Hacker returns $260m of stolen crypto tokens to Poly Network

About $354m in crypto funds, mostly Ethereum tokens, are yet to be returned.

Poly Network has received back $260m or about 40% of its cryptocurrency assets stolen days ago, the crypto platform said in a tweet.

An unnamed hacker took about $613m of digital coins last 10 August in what Poly Network said is the biggest in decentralized finance history. As of 11 August, Poly Network said that the hacker has returned $256m worth of BSC tokens, $3.3m worth of Ethereum tokens, and $1m in Polygon tokens.

About $268m in Ethereum tokens and $84m in Polygon tokens are yet to be returned, Poly Network said.

US-based blockchain data platform Chainalysis is optimistic that Poly Network will get the funds back.

“Whilst we certainly don’t expect every cryptocurrency hack to end with the attacker returning the stolen funds, in this case, it appears Poly Network will get its money back and has also learned about an important vulnerability its team can now patch up,” Chainalysis said in a press statement. “Ultimately, the ecosystem will be stronger for this."

Follow the links for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!