• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Poly Network Hack Drama Continues – Hacker Withholds $141 Million

August 21, 2021
in Australian Crypto News
Reading Time: 2min read
0 0
A A
0
Poly Network Hack Drama Continues – Hacker Withholds $141 Million
0
SHARES
17
VIEWS
ShareShareShareShareShare

The Poly Network drama continues as Mr White Hat is refusing to return US$141 million left on a multi-sig wallet. 

Poly Network Waits for Hacker to Return Private Keys

The hacker has returned most assets, approximately US$427 million worth. But according to a recent update, Mr White Hat is holding hostage $141 million in ETH and WBTC (28,9523 and 1,032 respectively), and about 33 million USDT is frozen.

Poly says it is in constant communication with Mr White Hat on how to deal with the situation.

Aug-19 12:55:49 AM +UTC#mrwhitehat returned 96,942,063 DAI on Ethereum. 28,953 ETH and 1,032 WBTC still remain in multi-sig wallet. As we promised, 160 ETH Bounty(worth $500K) has been donated. Please check it here https://t.co/uoKB8vjyQX

— Poly Network (@PolyNetwork2) August 19, 2021

Poly Accused of Being Complicit in Hack

This back and forth between the protocol and the hacker has outraged the community, some of whom are even accusing the Poly Network team of being behind the hack or otherwise complicit. The Poly Network addressed the community concerns in its communications, claiming it is working as fast as possible can to return the assets.

We understand there are many users and projects using Poly Network’s services, and there are users who are panicking that they might lose control of their assets, and we want to minimise the impact on them, so restoring our network and our users’ assets in a secure manner as quickly as possible is our top priority.

Poly Network statement

Share this article

Join in the conversation on this article’s Twitter thread.

Disclaimer:
The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Polygon Looks To Onboard 100 Million More DeFi Users By Launching Own DAO

Next Post

Cardano Up 60% In Past Month As It Unveils New DeFi Stablecoin

Next Post
The Altcoin Evolution – Part III: The Challenges

The Altcoin Evolution - Part III: The Challenges

You might also like

XLM Price Prediction: $0.30 Breakout Attempt as Q1 Technical Setup Emerges

PEPE Price Prediction: Frogs at Maximum Compression — Bounce or Break?

June 24, 2026
Trump headlines as state fair saga fuels 2028 nomination market

Inflation gauge hits 3-year high as Polymarket pegs July Fed hold at 77.5%

June 25, 2026
CoinEx Named as Iran Largest Crypto Sanctions Exit Route by TRM Labs

CoinEx Named as Iran Largest Crypto Sanctions Exit Route by TRM Labs

June 25, 2026
Nvidia Plans to add Innovation in the Metaverse with Software, Marketplace Deals

NVIDIA BioNeMo Toolstream Turns AI into Life Science Researchers

June 23, 2026
Coinbase Pre-IPO Perps Push Crypto Rails Deeper Into Private

Coinbase Open To More Deals After $2.9B Deribit Acquisition

June 25, 2026
BOJ Raises Rates To 1% As Crypto Traders Watch Yen Carry Risk

SBI And Startale Put Yen Stablecoins Back In The Institutional Spotlight

June 24, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Analyst Reveals The Best Time To Actually Start Buying Bitcoin

Ripple CEO Brad Garlinghouse Slams Michael Saylor’s Bitcoin

June 27, 2026
VeChain Foundation Releases Q1 2024 Treasury Report

Fireblocks Rolls Out 90-Day Plan for Embedded Wallets

June 27, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.