Poly Network Advocates For Hackers To Return Assets After $ 611 Million Cryptocurrency Theft

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Hackers stole more than $ 600 million in cryptocurrency from a protocol known as Poly Network which begged the culprits to return their loot on Tuesday.

Dear hacker, an open letter from Poly Network read. The amount of money you hacked is one of the largest in the history of the challenge. Law enforcement in any country will consider this a major economic crime and you will be prosecuted. The money you stole comes from tens of thousands of members of the crypto community, so people.

You should talk to us to find a solution, he concluded.

Poly Network is a decentralized finance (DeFi) platform that operates on Binance Smart Chain, Ethereum and Polygon blockchains. .

Read also: DeFi could revolutionize finance. Can regulators do something about it?

Poly Network said his team traced the stolen assets to three addresses and asked token issuers to blacklist tokens from those addresses.

Tether’s CTO Paolo Ardoino tweeted that the stablecoin company froze $ 33 million of its tokens taken during the hack.

The heist, estimated at around $ 611 million in various crypto assets, including hundreds of millions of dollars of Ether ETHUSD, -0.58% and Binance coins, would rank among the largest in crypto history .

Securities and Exchange Commission Chairman Gary Gensler last week called for new cryptocurrency and DeFi regulations, warning that the digital asset class is teeming with frauds, scams and abuse .

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