An unidentified hacker stole $600 million worth of virtual currencies from Poly Network the cryptocurrency company announced Tuesday. Then in an unusual twist, less than 24 hours later, the hacker began to return some of the stolen money after a public plea from the company. As of publication time, the hacker had returned more than $4,772,000 worth of assets, according to the company. Chainalysis, a cryptocurrency-tracking firm, confirmed Wednesday that funds were on the move. The incident is the largest public attack against the decentralized financed industry to date. The identity of the thieves remains unclear. Poly Network offers a service that promises interoperability between different chains of cryptocurrency, which each have their own digital ledger and act independently of one another. A preliminary investigation by cybersecurity firm SlowMist found that the hacker exploited a vulnerability in a feature that allows for the implementation of exchanges across chains. This allowed […]
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