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Polygon Network Scam: Hacker refunds $260M Cryptocurrencies

The hacker who infiltrated Cross-chain decentralized finance (DeFi) platform Polygon Network and stole cryptocurrencies worth over $600 million has started refunding the stolen assets according to reports.

In a shocking move, the hacker reportedly sent back around $260 million worth of crypto he stole some hours earlier.

Following the hack, Polygon had sent out a letter on Twitter demanding a refund of the crypto asset and threatening to pursue the perpetrator(s) behind it.

“The amount of money you have hacked is one of the biggest in defi [decentralised finance] history.

“Law enforcement in any country will regard this as a major economic crime and you will be pursued.

“The money you stole are [sic] from tens of thousands of crypto community members, hence the people.” Polygon’s Letter read.

The fraudster then began to return the stolen assets – first in tiny bits and now in millions.

So far, the $256 million Binance Smart Chain (BSC) tokens, $3.3 million in Ethereum tokens, and $1 million in USD Coin (USDC) has been returned to the Polygon network.

NEXT: Bitcoin Price Analysis today: Breaking Local Highs above the $46k

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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