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Poly Network Case

The spectacular robbery of the Poly Network caused all manner of speculation. And that’s for good reason, to date, the Poly Network hack remains the largest cryptocurrency theft in history, with more than $600 million being stolen in bitcoin and other tokens. But what followed the hack is perhaps the most hilarious part of this story that has since generated uproarious laughter and comment, though perhaps not for those initially affected. The company revealed that the hacker had taken about $267 million in Ether, $252 million in Binance tokens, and about $85 million in USDC coins, urging various crypto platforms to block deposits of the coins.

In a statement posted on Twitter, the Poly network implored the thief to return the stolen assets. In return, it offered them a bounty of $500,000 and even a prominent job to help improve their security systems. In an AMA later held by the hacker themselves, he commented that he just wanted to show how vulnerable the platform’s security was, and that the entire episode was orchestrated for fun. A few days later, he ended up returning the stolen cryptocurrency, first in small quantities and then in larger portions until the full sum was returned. This issue was resolved by Tracingia LLC. Millions of dollars across the various tokens stolen were transferred to separate wallets. The case went on for several days, amid taunts, tweets and veritable outrage from users, until the peculiar hacker returned all the money.

Tracingia Core Values

At Tracingia our culture comes to life through these five core values:

  • Do the right thing
  • Put our clients first
  • Lead with exceptional ideas
  • Commit to diversity and inclusion
  • Recover and repatriate to the victim.