Hackers return $260 million of the $600 million stolen back to crypto platform Poly Network after the biggest DeFi theft

As you may recall, yesterday hackers stole $600 million in the biggest Decentralized Finance or (DeFi) hack after crypto platform PolyNetwork was exploited on Binance Smart Chain, Polygon, and Ethereum. The perpetrators set a record within the decentralized finance space by swiping more than $600 million from at least three wallet addresses. The hack is reminiscent of what led to the collapse of Mt. Gox back in 2014.

Now, we have a piece of good news. The group of hackers behind one of the biggest DeFi hacks in history have returned over a third of around $600 million in stolen digital coins, according to a report from Reuters, citing a blockchain researcher.

Poly Network also confirmed the report in a tweet, with details of digital wallets to which the tokens were sent. The crypto startup said:

“So far, we have received a total value of $4,772,297.675 assets returned by the hacker.

ETH address: $2,654,946.051
BSC address: $1,107,870.815
Polygon address: $1,009,480.809″

So far, we have received a total value of $4,772,297.675 assets returned by the hacker.

ETH address: $2,654,946.051
BSC address: $1,107,870.815
Polygon address: $1,009,480.809 pic.twitter.com/bPFAQk4mvS

— Poly Network (@PolyNetwork2) August 11, 2021

Cybersecurity experts think the hackers are white hat or ethical hackers looking to DeFi security flaws. In a tweet, cross-chain aggregator developer O3 Labs said, “This hacker might yet be of the white hat variety. Let’s see.”

This hacker might yet be of the white hat variety. Let’s see. https://t.co/Y7jJykWSmS

— O3 Labs (@O3_Labs) August 11, 2021

Meanwhile, according to data obtained by crypto-journalist Colin Wu, the same hacker has also returned $2.65 million in stolen Shiba Inu and Fei that were stolen during the hack.

Yesterday, PolyNetwork called “on miners of affected blockchain and crypto exchanges to blacklist tokens coming from the above addresses.” The crypto startup said it planned to take legal actions against the hackers and urged them to return the assets.