Poly Network Hacker Still Holds $141 Million from the Recent Crypto Heist

Poly Network, a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term interoperability protocol project, stated on Thursday that the so-called 'Mr White Hat' hacker returned $427 million of the funds he extracted from the recent DeFi hack heist. However, according to the announcement published by the project, $141 million are still missing (28,953 ETH and 1,032 WBTC), as Mr White Hat should provide its private key authorization.

“About 33 million USDT is frozen. Poly Network is actively communicating with Tether on how to deal with this USDT is also a serious and careful decision-making process for Tether. We are confident there will be a clear result soon, as we need these assets in order to perform full asset recovery,” Poly Network confirmed. Furthermore, the project is still standing with its promise of granting a $500,000 bug bounty by crediting 160 ETH (worth about $500,000) to the address Mr White Hat had made public.

Mr White Hat is credited as being responsible for the $611 million worth of cryptocurrencies that were siphoned from Poly Network last week, making it one of the largest crypto heists to date. The interoperability protocol project enables the swapping of tokens on the Binance Smart Chain, Ethereum and Polygon blockchains. All three blockchains were targeted on the attack. Additionally, Poly Network confirmed today that it is on the third phase of the roadmap dubbed 'Project Launch'.

Other Crypto Assets Recovered

“Currently Poly Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service their clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Met The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service their clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Met Read this Term has restored cross-chain functionality for at least 31 assets, including: $BET, $BKC, $BNB, $C, $CBC, $COOK, $CWS, $DOG, $DOWS, $EPK, $FEI, $FLUX, $HD, $HDT, $ISM, $LKT, $mBTM, $MDX, $MIX, $ MOZ, $nNEO, $O3, $OOE, $renBTC, $SHIB, $STACK, $sUSD, $TRIBE, $UNI, $WING, $PLT,” it said.

Moreover, the project stated that other assets such as Binance Coin (BNB), Shiba Inu (SHIB), FEI, renBTC and Uniswap (UNI) have already been restored. “Meanwhile, we will still proactively stay in communication with Mr White Hat. We believe that the sooner we assure him that Poly Network is recovering with security as the top priority, and in an organized manner, the sooner we can gain his trust and eventually obtain his private key,” Poly Network added.