London Daily

Focus on the big picture.
Monday, Sep 28, 2026

Plot Thickens: Poly Network Hacker Threatens to Delay Return of Funds

Plot Thickens: Poly Network Hacker Threatens to Delay Return of Funds

The hacker behind the over $600 million exploit on the blockchain protocol Poly Network has threatened to delay the full return of funds until at least next week.

“YOUR ESSAYS ARE VERY CONVINCING WHILE YOUR ACTIONS ARE SHOWING YOUR DISTRUST, WHAT A FUNNY GAME,” the attacker, identified on the blockchain-tracking website Etherscan as “Poly Network Exploiter 1,” wrote Wednesday in a Ethereum transaction message field.

The story is already dragging into its second week, as executives behind the project plead with the attacker to return the looted funds from the Aug 10 attack. They have created a destination account for the return of the funds, but it requires multiple signatures to unlock the funds, and the attacker’s cooperation is much needed.

“I AM NOT READY TO PUBLISH THE KEY IN THIS WEEK,” the attacker wrote in a message.

In what appeared to be a reply, a subsequent message posted on Ethereum and signed “Poly Network Team” said that “we still hope you can provide the key to us this week, because thousands of users are waiting to get their assets back.”

“The sooner the asset recovery can be carried out, the more negative emotions will be avoided,” the message read. “We are unlikely to get a proper rest until we fully return the user assets.”

The Polygon Network negotiators have referred to the attacker as “Mr. White Hat” – ostensibly a reference to a “white hat” hacker who tries to exploit vulnerabilities in a protocol to help expose and ultimately fix bugs or loopholes in the underlying code, instead of doing it for malicious purpose.

Bounty Payment the Reason for Delay?
Poly Network team promised to send the attacker a $500,000 bounty for helping to identify a vulnerability in the protocol.

And in the message on Wednesday, the Poly Network Team address wrote that “we still decided to go ahead and transfer 160 ETH” to an address associated with the attacker. The dollar equivalent of 160 units of ether (ETH) works out to roughly $500,000.

But as of press time, it is uncertain if the bounty transfer had been made.

CoinDesk contacted Poly Network officials, but did not immediately reply to a request for comment.

The transparency of blockchain data has turned the back-and-forth negotiations between the attacker and Poly Network team into a surprisingly suspenseful drama playing out in public.

Several cryptocurrency users have sent dozens of complimentary messages to the attacker pleading for a share of the loot, and some of them have even used the Ethereum blockchain to send small increments of cryptocurrency as tips.

Source: Plot Thickens: Poly Network Hacker Threatens to Delay Return of Funds – Fintechs.fi

Newsletter

Related Articles

0:00
0:00
Close
RNLI Chief Executive Condemns Misinformation and Abuse Targeting Volunteer Crews
Metropolitan Police Charge Swindon Man with Assisting Foreign Intelligence Services
British Intelligence Report Warns Environmental Collapse Threatens Global Defense Infrastructure
Conservative Party Rejects New Taxes to Fund UK Social Care Reforms
Labour Government Signals Intent to Ease Residency Restrictions for Foreign Care Workers
Prime Minister Andy Burnham and Norwegian Prime Minister Jonas Støre Meet to Strengthen North Atlantic Defense
UK Government Plans to Revive Equity Loan Scheme to Assist First-Time Home Buyers
Prime Minister Andy Burnham Pledges Radical Reform for UK Utilities and Social Care
UK Treasury Prepares Difficult Autumn Budget Amid High Debt and Energy Volatility
Civil Aviation Authority Launches Review of Air Traffic Systems Following Digital Failure
X Reports First Increase in UK Revenues Following Advertiser Boycott
Shetland Islands Council Approves £400 Million Inter-Island Tunnel Project
Foreign Secretary Ed Miliband Warns Iran Against Hostile Activities on British Soil
UK Ministers Concede Chagos Islands Sovereignty Agreement Terminated After US Opposition
More in Common Poll Projects Hung Parliament with Labour Leading and Reform UK Gains
Prime Minister Andy Burnham Defends Economic Strategy as Public Finances Face Headwinds
Tony Blair Urges Government to Set Long-Term Goal of Rejoining the European Union
Prime Minister Andy Burnham Pledges Universal Free Social Care Funded Through General Taxation
UK Diesel and Petrol Prices Surge Near All-Time Highs Amid Middle East Energy Volatility
Analysis of Reform UK conference highlights deep political divisions over welfare and immigration
Bangladesh garment exports to the United Kingdom reach $915 million in early fiscal year
Royal Navy begins sea trials for new HMS Agamemnon hunter-killer submarine
New report suggests UK data centre expansion will create far fewer jobs than predicted
Major weekend closures announced for London Underground Piccadilly and Central lines
NHS leaders call for emergency winter funding to combat staffing shortages and rising illness
Far-right activist Daniel Thomas charged following alleged slashing of migrant dinghy
Home Secretary orders urgent review of border security following rise in small boat crossings
Prime Minister Andy Burnham to address Labour Party conference amid calls for long-term infrastructure plan
UK Treasury and Bank of England warn of rising inflation risks amid Middle East tensions
Royal Navy Diving Squadron Honoured for Global Bomb Disposal Efforts
UK State Pension Set to Approach £13,000 Per Year Under Triple-Lock
Rolls-Royce Wins Multi-Million-Pound Engine Contract with Philippine Airlines
TfL Questions Future of Heathrow Express Amid Proposed £33 Billion Expansion
Ed Miliband Warns Iran Against Hostile Operations on British Soil
S&P Global Manufacturing Index Signals Stabilization Amid Rising Fuel Costs
Prime Minister Andy Burnham Launches National Centre for Information Defence
UK Food and Drink Trade Deficit Surges to £21.1 Billion
OECD Upgrades United Kingdom Economic Growth Forecast to 1.1 Percent
Bank of England Faces Policy Challenges as Energy Prices Push Inflation Projections Higher
IMF Urges UK and Major Economies to Reduce Public Borrowing and Debt
UK Government Concedes Chagos Islands Sovereignty Deal is Dead Following Trump Opposition
Prosecutors Seek More Than 10 Years in Prison for Former DUP Leader Jeffrey Donaldson
UK Provided £66 Million in Emergency Security Funding for Mosques After Southport Disorder
Manston Inquiry Examines Role of Government Decisions in 2022 Overcrowding Crisis
Justice System Capacity Pressures Raise Concerns Over Release of Sex Offenders
UK Food and Drink Trade Deficit Widens to Record £21.1 Billion
UK Releases Climate Security Findings Previously Withheld Under Starmer
TalkTalk Races to Sell Consumer and Broadband Businesses as Administration Threat Looms
NHS Bodies Impose Minimum Two-Year Waits for ADHD and Autism Assessments
Andy Burnham Pledges £210 Million to Revive Boarded-Up High Streets
×