The Poly Network team have announced that all the hacked funds (amounting to over $600 million worth of cryptocurrencies) have been returned.
“All the remaining user assets on Ethereum (except for the frozen USDT) had been transferred to the multisig wallet controlled by Mr. White Hat and Poly Network team,” the team tweeted yesterday.
The Poly Network team also clarified that the repayment process “has not yet been completed,” but that they hope to continue communicating with the hacker to “ensure the safe recovery of user assets,” and to “convey accurate information to the public.”
What was the Poly Network hack?
The Poly Network hack was the single biggest hack the cryptocurrency industry has seen in its relatively short history.
Eclipsing even Mt. Gox in 2014, the Poly Network hacker managed to steal roughly $600 million worth of cryptocurrencies after attacking the project’s deployments on Binance Smart Chain, Ethereum, and Polygon.
In the ensuing da
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