gettyKey FactsTransactions publicly stored on the blockchain show an address belonging to Poly's hacker started returning the assets through several transactions early Wednesday. So far, Tom Robinson, the chief scientist at blockchain analytics company Elliptic, says Poly has received about $258 million of the stolen funds, meaning about $350 million in stolen funds have yet to be retrieved. Executives at some of the world's largest cryptocurrency exchanges—including Huboi, OKEx and Binance—said they were monitoring their platforms for any activity by the hacker. According to crypto intelligence firm CipherTrace, more than 75% of cryptocurrency hacks this year have been linked to DeFi. Further ReadingMore Than $600 Million Stolen In Ethereum And Other Cryptocurrencies—Marking One Of Crypto's Biggest Hacks Ever (Forbes)

Source: Forbes August 11, 2021 15:22 UTC