London Daily

Focus on the big picture.
Sunday, Mar 22, 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
Meghan Markle’s Possible UK Return Sparks Renewed Attention on Sussex Role
Starmer Convenes Urgent Talks on Cost-of-Living Pressures Linked to Iran Conflict
Starmer Convenes Urgent Talks on Cost-of-Living Pressures Linked to Iran Conflict
UK Investors Eye Bargain Shares Ahead of ISA Deadline Amid Market Volatility
UK Investors Eye Bargain Shares Ahead of ISA Deadline Amid Market Volatility
Northern Lights Expected Over UK Skies Tonight Amid Strong Solar Activity
UK Condemns Iran Missile Strike and Warns Against Threats to British Personnel
UK Warns of Global Flight Disruptions as Iran Conflict Escalates Under Trump’s Leadership
UK Condemns Iran After Missile Strike Targets Strategic Diego Garcia Base
Deadly Meningitis Outbreak in UK Reinforces Urgency of Vaccination Campaigns
Iran Launches Long-Range Missile Strike on Remote US-UK Base, Signaling Expanded Reach
Iran Launches Long-Range Missile Strike on Remote US-UK Base, Signaling Expanded Reach
UK Rules Out Cyprus Base Role in Joint US Self-Defence Framework
UK Ends Hereditary Peerage Rights in Parliament in Historic Constitutional Reform
Lord Walney Warns of Expanding Iranian Influence Networks Within the United Kingdom
Iranian National Among Two Arrested After Attempt to Access UK Nuclear Submarine Base
Deregulation, Artificial Intelligence, and Fraud Laws Reshape UK Financial Services Landscape
UK Considers Lower Speed Limits to Reduce Fuel Use Amid Escalating Energy Crisis
UK Borrowing Costs Surge to Post-Crisis High as Markets React to Inflation and War Risks
UK Government Prepares Emergency Economic Measures as Iran Conflict Fuels Financial Risks
Meningitis B Outbreak in the UK Raises Urgent Health Warnings as Cases Surge
Iran Issues Stark Warning to Britain Over US Base Access Amid Expanding Conflict
United Kingdom Authorizes US Strikes from British Bases as Iran Threatens Key Shipping Routes
Reform UK Suspends Scottish Candidate Following Financial Misconduct Allegations
Apple issues an unusual warning: this is how your iPhone can be hacked without you doing anything
UK and Nigeria Reach Agreement to Accelerate Return of Irregular Migrants
UK Sets New Aid Priorities Following Significant Budget Reductions
Cyprus President Urges Open Dialogue Over Future of British Sovereign Base Areas
Cyprus President Urges Open Dialogue Over Future of British Sovereign Base Areas
UK Plans 50% Steel Tariffs in Bold Move to Protect Domestic Industry
Iran Conflict Sends Shockwaves Through UK Economy as Energy Costs and Trade Risks Surge
UK Health Officials Warn Kent Meningitis Outbreak Still Active as Cases Continue to Rise
UK Climate Progress Faces Scrutiny Over Reliance on Carbon Accounting Methods
UK Deploys Advisers to United States to Shape Plan for Reopening Strait of Hormuz
Amazon Bets on AI-Driven Alexa Upgrade to Revive UK Smart Speaker Market
UK Abortion Law Changes Spark Strong Response from Church Leaders and Pro-Life Advocates
UK Abortion Law Changes Spark Strong Response from Church Leaders and Pro-Life Advocates
GB News Faces Regulatory Complaints Over On-Air Remarks on ‘Genocide’ Claims
UK Signals Expanded Support for Gulf Allies as Iranian Attacks Intensify Regional Threats
UK VAT Decision Opens Path for Potential Refunds to U.S. Biopharma Firms
UK and Canada Advance ‘Middle Power’ Strategy to Shape Global Influence Beyond Superpowers
Google Explores AI Opt-Out Features in Search to Address UK Regulatory Concerns
Google Explores AI Opt-Out Features in Search to Address UK Regulatory Concerns
UK Fuel Prices Poised to Surge as Global Tensions Drive Oil Market Volatility
UK Fuel Prices Poised to Surge as Global Tensions Drive Oil Market Volatility
UK Holds Back on Hormuz Escort Mission While Continuing Talks with Allies
TrumpRx Pricing Platform Faces Scrutiny as Some Medicines Remain Costlier Than in the UK
UK, Netherlands and Finland Explore Joint Defence Investment Bank to Boost Military Capability
Deadly Meningitis Outbreak in Kent Raises Alarm as Cases Surge and Emergency Response Expands
UK Security Adviser Viewed US-Iran Nuclear Deal as Within Reach Before Sudden Escalation
×