Thief returns final tranche in $610 million cryptocurrency heist

The hacker that stole over $600 million worth of digital tokens from the decentralized finance platform Poly Network in the all-time biggest cryptocurrency heist has granted access to the final tranche of stolen funds.

In a blogpost, Poly Network said the hacker shared a private key needed to regain control of the remaining assets, adding that it is in the process of returning total asset control to users as swiftly as possible.”

Except for $33 million of dollar-pegged tether, which was frozen by its issuers, the hacker had returned $610 million.

The hacker dubbed Mr. White Hat exploited a Poly Network code's vulnerability to transfer the funds to their accounts.

The thief later opened a dialogue with the organization to return all the funds.

Over $200 million of assets was trapped in an account that required passwords from both Poly Network and Mr. White Hat.

But the hacker refused to divulge their password until “everyone is ready.”

Both Poly Network promised to grant the hacker a $500,000 bounty for helping it identify its systems' flaws and even offered them a job as “chief security advisor.”