Cryptocurrencies
Victim of Biggest DeFi Hack Says All Funds Have Been Returned
- Tether releases tokens that were seized from PolyNetwork
- A hacker drained the project of $610 million in early August
This article is for subscribers only.
PolyNetwork, the anonymously run cryptocurrency project that claimed it was the victim of what was likely the biggest ever theft in the bustling world of decentralized finance, said it has recovered all the funds related to the hack.
The protocol, which lets people send various digital tokens across different blockchains, said in an email that it received the last $33.4 million of the $610 million lost during the Aug. 10 attack. Tether released the remaining amount, which the so-called stablecoin issuer had prevented from being moved by the unidentified hacker over the digital ledgers known as blockchains after the theft.