I do not know what to say here,
Serious crime but response make my day.
"You should talk to us to work out solution"smi(&%smi(&%smi(&%smi(&%smi(&%
DeFi platform begs hackers to return $600 million in stolen crypto
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I do not know what to say here,
Serious crime but response make my day.
"You should talk to us to work out solution"smi(&%smi(&%smi(&%smi(&%smi(&%
lol...them asking for it back is as stupid as Obama asking Iran to return a US spy drone it captured.
Seems like hacker has returned some however conf/(%
Last edited: Aug 11, 2021
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
Seems like hacker has returned some however conf/(%
Last edited: Aug 11, 2021
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
Not gonna lie, it's funny that DeFi is all about f**k the government and the authority but then they say "Law enforcement in any country will regard this as a major economic crime and you will be pursued" rof/%rof/%rof/% c'mon the money is lost, they just need to stop crying and move on
Looks like it worked...
https://www.coindesk.com/poly-netwo...m_campaign=NODE AUG 11 2021&utm_term=The Node
https://www.coindesk.com/poly-netwo...m_campaign=NODE AUG 11 2021&utm_term=The Node
That's the funny part. Easy to hack or stole crypto. But Hardest part is cash out. That's why hacker returning the money. Seems He is amateur in this area.
@azb1 I don't think so in this case. Some hackers are in it to steal money, attack an enemy country, politics, etc. But a lot of hackers are in it for the intellectual challenge. I guess this one will return a lot more and I wouldn't be surprised if the remaining money goes to good causes.
https://twitter.com/x/status/1425487745166753794
https://twitter.com/x/status/1425487745166753794
I think this is not the case of "White Hat hack"
In beginning He try to swap token , If he want to return money , He will never try to do that.
He is immature in washing his "stolen coin".
This is my understanding , May be I am wrong.
Who know whole drama was "inside job".
In crypto world Trust nobody.
Maybe who know, He does some leverage trading and return money after that .
with this huge amount anything can possible. Timing of returning money raise my eyebrow.
If He is "white hat hacker", He can return money instantly.
Still some money is not returned.
He can possibly earn billion with trading and return money.
Who knows ??
with this huge amount anything can possible. Timing of returning money raise my eyebrow.
If He is "white hat hacker", He can return money instantly.
Still some money is not returned.
He can possibly earn billion with trading and return money.
Who knows ??
That made me laugh as its so true. When it comes down to it they need government smi(&%. Luckily its slowly being returned.
I would like to know motives of the hacker ca#"!. He may have just wanted to manipulate the markets in some way and profit from it. I mean someone who goes to all that effort to find an exploit and do the heist would have put equal planning into what to do with the stolen goods I think. Otherwise that's like robbing a Jewelers and then saying "ok now what am I gonna do with 500 watches" conf/(%.
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It's not about theft for gain. There are some clues in things like MrGorbachevTearDownThatWall.txt and sending 133.713371337 gas fees.
Poly now call the hacker "Mr White Hat" after they offered him $500k reward and he turned it down.
$33 million in USDT remain frozen by Tether and my guess is that Poly will get everything back, apart from maybe the 13.37 ETH tip sent to someone who alerted Mr White Hat to the Tether Freeze. Some folks in Shanghai will be quite relieved.
Poly now call the hacker "Mr White Hat" after they offered him $500k reward and he turned it down.
$33 million in USDT remain frozen by Tether and my guess is that Poly will get everything back, apart from maybe the 13.37 ETH tip sent to someone who alerted Mr White Hat to the Tether Freeze. Some folks in Shanghai will be quite relieved.
That's worrying that Tether can do that in their smart contact. Nothing decentralised about Tether then. They have frozen funds on multiple occasions before it seems and also actively work with law enforcement ca#"!.
https://cryptopotato.com/tether-freezes-1-7m-in-usdt-stolen-in-yearn-finance-exploit/
https://cryptobriefing.com/tether-can-freeze-your-usdt-39-addresses-containing-millions-blacklisted/
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I think this exchange just did all this specifically for self-promotion or something like that. Or they were paid to order Bitcoin ads. Otherwise, I cannot explain in any way how you can steal such an amount and then return it. I do not believe in the honesty of people.
https://blog.chainalysis.com/reports/poly-network-hack-august-2021
He return the money, Because He was caught.
He return the money, Because He was caught.
It's your choice when you set up an Ethereum smart contract. The so called "stable coin" contracts are often centralised, even though the network they're on is often rather decetralised. It's a lot for people to get their heads around. Keep in mind that Tether requires KYC to issue or redeem tokens anyway.
Currently, the more decentralised options tend to be less user friendly, which is also why people tend to use Binance and Coinbase rather than decentralised exchanges.
If that were the case, why not accept the $500k bounty and a no-action letter?
This doesn't have the profile of cyber theft. I'm using the term "theft" in an English law sense. He did of course take property without consent which was not sensible, other than flagging the exploit in a far more dramatic way than a professional white hatter would. If he was hoping to raise awareness about this kind of exploit, then he succeeded.
Martin, as far as I know Tether is not based on a blockchain.... That is the biggest problem of believing that full funds backing USDT exist in prime financial institutions. So in essence they can do whatever they want with the US$60bn....
This huge Defi mania looks to me like the Dutch tulips... All highly leveraged "investors", financial intermediaries without any licencing, supervision or checks is a sure recipe for trouble
@lacomaco Tether is on blockchains. Here is an example: Tether USD (USDT) Token Tracker | Etherscan
We can easily see how much is issued at any time. What we can't see are the bank deposits, bills, corporate bonds etc that are supposed to back USDT because the legacy financial system is highly opaque. Those "prime financial institutions" simply lack transparency.
We can easily see how much is issued at any time. What we can't see are the bank deposits, bills, corporate bonds etc that are supposed to back USDT because the legacy financial system is highly opaque. Those "prime financial institutions" simply lack transparency.
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