Hackers Return IDR 8.6 Trillion Stolen Crypto To Poly Network

Hackers return stolen crypto assets worth trillions of rupiah (Reuters)

JAKARTA – Some time ago the crypto world was shocked by the theft of coins worth 611 million US dollars or equivalent to Rp. 8.7 trillion. Hackers stole it from the Poly Network network. However, the stolen crypto was returned by hackers to Poly Network after the company sent an open letter on Tuesday, August 10 yesterday.

"Dear hackers," the letter reads. “We are a Poly Network team. We would like to establish communication with you and urge the return of the stolen assets.”

“The amount of money you hacked is one of the largest in the history of defi (decentralized finance). Law enforcement in any country would consider this a major economic crime and you would be wanted… The money you steal comes from tens of thousands of members of the crypto community, hence the people.”

“You have to talk to us to find a solution,” concluded the open letter from the Poly Network team.

A day later, on Wednesday 11 August, hackers sent a message to the Poly Network team and conveyed their good intentions to return the stolen funds, as reported by CNBC Interntional.

The team immediately responded to this effort by sending a wallet address for the return of stolen assets, namely the Ehereum, BSC, and Polygon addresses. The hackers have returned their stolen assets through all three addresses.

For your information Poly Network is a decentralized financial platform (DeFi) built on the Binance Smart Chain, Ethereum, and Polygon blockchain networks. The Poly Network team has tracked down the stolen crypto assets and asked the token issuer to blacklist the wallet address.

In addition, Tether is also rumored to have frozen its USDT tokens that were successfully taken from hackers worth 33 million US dollars (approximately IDR 475 billion). This was conveyed by Tether's Chief Technology Officer, Paolo Ardoino via Twitter.

The theft is thought to have stolen a number of crypto assets including Ethereum and Binance Coin as well as a number of other cryptocurrencies. This theft was one of the largest crypto asset breaches in cryptocurrency history.

Some time ago, Gary Gensler as chairman of the US Securities and Exchange Commission (SEC) urged the establishment of new regulations regarding cryptocurrencies and DeFi. He warns that digital assets are “full of fraud, fraud and abuse” as reported by MarketWatch.