Poly Network

The attacker who hacked more than $600 million from the China-based Poly Network platform has released the private key for the remaining $141 million of the stolen cryptocurrency, putting a “happy ending” to the weeks-long saga.

By CoinDesk Staff

Aug 23, 2021 at 5:33 p.m. UTC

Aug 23, 2021

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Hacks

Poly Network Hacker Releases Private Key for Remaining Looted $141M

In a note to the Poly Network team, the attacker referred to the saga as "one of the most wild adventures in our lives."

By Jamie Crawley

Aug 23, 2021 at 10:17 a.m. UTC

Aug 23, 2021

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Poly Network Attacker Threatens to Delay Return of Funds, Holds $141M Hostage

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Defi

Poly Network Attacker Threatens to Delay Return of Funds, Holds $141M Hostage

Poly Network, the China-based blockchain protocol exploited earlier this month for more than $600 million, sent a bounty worth nearly $500,000 to the attacker. Most of the looted cryptocurrency has been recovered, but the attacker has yet to provide a key needed to unlock the remaining $141 million.

By CoinDesk Staff

Aug 19, 2021 at 5:10 p.m. UTC

Aug 19, 2021

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Ethereum

Poly Network Sends Bounty as Attacker Holds $141M Hostage

Ethereum blockchain transaction records confirm the transfer of 160 ETH (about $480,000) to the "Poly Network Exploiter 2" wallet address.

By Bradley Keoun

Aug 19, 2021 at 1:45 p.m. UTC

Aug 19, 2021

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Markets

Crime

Poly Network Attacker Threatens to Delay Return of Funds

"WHAT A FUNNY GAME," the Poly Network attacker wrote into a transaction on the Ethereum blockchain.

By Bradley Keoun

Aug 18, 2021 at 8:40 p.m. UTC

Aug 18, 2021

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Nfts

Poly Network Offers Hacker a Job, NFTs Support Afghan Families

Poly Network offers hacker a job. Hong Kong-based BIT Mining sees revenue surge. And an NFT fund offers care packages for displaced Afghan families. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

By CoinDesk Staff

Aug 18, 2021 at 3:58 p.m. UTC

Aug 18, 2021

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Bitcoin mining

Market Wrap: Bitcoin Buyers Could Take Profits as Volume Declines

Some analysts are optimistic about the long-term recovery in crypto prices, although the pace of the upside will likely slow over the short term.

By Damanick Dantes Frances Yue

Aug 17, 2021 at 8:25 p.m. UTC

Aug 17, 2021

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Poly Network Hacker Prolongs Return of Stolen Funds

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Defi

Poly Network Hacker Prolongs Return of Stolen Funds

The hacker behind the Poly Network cyberattack has yet to complete the total return of the roughly $600 million stolen and is also reconsidering accepting Poly’s $500,000 “Bug Bounty” reward to pay anyone who can hack the DeFi site.

By CoinDesk Staff

Aug 17, 2021 at 6:53 p.m. UTC

Aug 17, 2021

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Jack Nicholson plays the Joker in the movie "Batman," directed by Tim Burton.

Markets

Satoshi nakamoto

The Poly Hack and Crypto's Trust Issues

In crypto, you shouldn't have to ask who you can trust. But as the Poly Network hack and its resolution have showed, you absolutely do.

By David Z. Morris

Aug 17, 2021 at 4:58 p.m. UTC

Aug 17, 2021

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India Crypto Bill Awaits Approval, Poly Network Hack Saga Continues

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Defi

India Crypto Bill Awaits Approval, Poly Network Hack Saga Continues

India’s finance minister says long-delayed crypto bill awaiting cabinet approval. Microsoft unveils Argus’ anti-piracy plans. Poly Network hack saga rumbles on. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

By CoinDesk Staff

Aug 17, 2021 at 2:46 p.m. UTC

Aug 17, 2021

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