Crypto Hackers to Return Some Funds

As reported by CNBC, more than $600 million was stolen in what is likely to be one of the biggest cryptocurrency thefts ever. Hackers exploited a vulnerability in Poly Network, a platform that looks to connect different blockchains so that they can work together. In a strange turn of events Wednesday, the hackers began returning some of the funds they stole.

The crypto ended up in these two wallets:

ETH: 0xC8a65Fadf0e0dDAf421F28FEAb69Bf6E2E589963

BSC: 0x0D6e286A7cfD25E0c01fEe9756765D8033B32C71

Why does it matter? While the wallets are anonymous, the crypto in them is now forever tainted. Any coin in those wallets will forever and immutably be tied to the hack. So, for all intents and purposes, the money is useless.

Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and the CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and CNBC and writes a popular daily business blog. He’s the Co-Host of the award-winning podcast Techstream with Shelly Palmer & Seth Everett and his latest book, Blockchain - Cryptocurrency, NFTs & Smart Contracts: An executive guide to the world of decentralized finance, is an Amazon #1 Bestseller. Follow @shellypalmer or visit shellypalmer.com.

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