In a dramatic twist, one of this week’s Multichain hackers has returned 322 ETH ($974,000 at the time of writing) to the cross-chain router protocol and one of the affected users.However the hacker kept 62 ETH ($187,000) as a “bug bounty”, and a total of 528 ETH (worth $1.6M) remains outstanding after the exploits. Earlier this week, news emerged of a security vulnerability … [Read more...] about Multichain hacker returns 322 ETH, keeps hefty finders fee
Hacker
Amid call for crypto regulation, hacker uses India’s PM Twitter account to promote fake BTC giveaway
At a time when authorities in India are still grappling with how to deal with the growing influence of the crypto industry, it would be unimaginable to think that the country’s Prime minister could be promoting Bitcoin.But this was what happened yesterday via the official Twitter handle of the PM where a hacker shared a post that the flagship digital asset was now a legal … [Read more...] about Amid call for crypto regulation, hacker uses India’s PM Twitter account to promote fake BTC giveaway
Most Influential 40: Polynetwork Hacker
There is still much that is unknown about the largest decentralized finance (DeFi) security breach to date, the sophisticated attack that drained $600 million worth of cryptocurrencies from the China-based Poly Network, including the identity of the “hacker” (or hackers) and their underlying motivations. It was a story that riveted the industry, in part because the “Polynetwork … [Read more...] about Most Influential 40: Polynetwork Hacker
Poly Network hacker returns less than 1% of the $600M theft
These transfers have occurred across the three wallets associated with the Poly Network hacker across the Ethereum (ETH), Binance Smart Chain, and Polygon networks. Poly Network confirmed receipt of the returned funds via a tweet issued on Tuesday.Details from Etherscan show $2 million worth of Shiba Inu (SHIB) and $616,000 in Fei USD (FEI) tokens being returned.So far, we have … [Read more...] about Poly Network hacker returns less than 1% of the $600M theft
Poly Network hacker appears ready to return stolen funds
Following a massive $600 million exploit of cross-chain protocol Poly Network, the Poly Network hacker has claimed his willingness to return the stolen cryptocurrency funds.At about 4:00 UTC on Wednesday, the hacker sent an Ethereum transaction to themselves, stating that they were “ready to return the fund” in an embedded transaction message.Source: EtherscanIn a subsequent … [Read more...] about Poly Network hacker appears ready to return stolen funds