A hacker return stolen crypto



How can that happen that a hacker does that I return the stolen crypto and say he is not interested in money. This is funny K can say that. What do you think about this story.

Maybe the hacker reached a dead-end and realized there are more walls to break before they can actually benefit from their loot. We can only speculate. But whatever their reason, at least it helped reveal the security flaws that could cost investors' their life savings. We're lucky to have lived during the budding stage of cryptocurrency but not so lucky that we have to deal with so many risks.

There's already a massive blockage to the address that he'll use if he's going to transfer that to exchanges and turns into cash. But he might also be telling the truth that it's part of the plan. There are hackers that have a purpose to expose and exploit a system's security but also have the plan of letting know the developers or security maintainer of it what's the flaw that they've found. Well, it's going to be unknown if he's telling the truth or not.

Yeah these are the main reasons for doing something like this.

Getting a job might be better than getting the money if you're bad with money too as it should be more consistent.

I wouldn't know the best way to return funds to a company though so if that was preplanned by the attacker then I guess they could probably be assumed to be honest. There might be the obvious additional threat that they're wanting to be trusted by the company to carry out a larger attack though - which will probably be/has been something the company can assess if the attacker was aiming for the job route.

Yeah, but you'd think if a hacker was smart enough to pull off such a massive hack, they would have had to know that in advance.  I'm sure whoever did it was familiar with crypto and knew how hard it would be to keep the stolen coins.

I haven't followed the story since it came out, so does anyone know exactly what the outcome was?  It seems logical that if "Mr. White Hat Hacker" was looking to poke holes in Poly's security, he'd return the money (which he did), but has there been any news as to whether charges were filed or anything like that?  That article OP linked to is a mess, and it's a few weeks old.

But man....how tempting would it be for anyone who had their hands on $600 million worth of crypto to just run away with it?  I know the guy said he has no interest in money, but I have my doubts about that.

Perhaps it was not the plan in the beginning, but when he made a mistake and knows that in due time he can be track and sent jail then obviously the best thing to do is to return back the stolen $600 m and claim that you wanted to show the security flaw in the beginning.

And how can he encash that huge amount without being track as well? He can make his life smaller and miserable with that hack. And in return, he got $500k, that's a good bargain already.

We have to look clearly each details of what happened since there are many possible reasons.
I think one of the "best" is called "JAIL" ... even if you don't have too much time to spend there , I am pretty sure life will be not easy despite this huge amount of money.

Because there are 2 categories of people that want find an hacker like this:
1 people that has lost funds
2 people that want stole your funds

It's really hard to say. I noticed that after SlowMist, an investigative firm, found the identify of the hacker, including the email, the funds were returned immediately. That means the hacker got scared that he might get caught in that situation. Although, he was handed $500,000 as a rewarded and still refused to get it means he isn't really interested in money.

Him just wanting to exploit the flaws of the company as a white hacker is still the best scenario in my opinion.

You might be surprised as to what can qualify as a "hacker". The world is full of published exploits, bugs and glitches between different pieces of software. Someone who is fairly amateur but with enough time on their hands could potentially string together enough bugs that gave them access to critical functionality within this exchange. They might have taken the money just to be sure they could have control of it (and confirming it was insecure), then panicked when they realized how much heat it was actually going to bring on them. There have been many other cases where the hacker is eventually identified (some of the best investigators have likely been hired along with law enforcement investigations) with the end result of the hacker getting long jail terms - this might have been an attempt to avoid it. However there are many possible theories that might be true.

I don't think he is not interested in money, the hacker was tracked and he was given a warning that authorities will pursue him, if they did not track the hacker will withdraw the money, hacking has a serious impact on the market if there is news of hacking expect the market to go down, even if they have good intention these hackers should be charged and prosecuted.