the staff of the Ridgewood blog
Ridgewood NJ, the hacker who recently stole $611 million in cryptocurrencies from the decentralized Poly Network finance platform is ready to surrender and has started to return the funds. It is likely that the hacker has been caught and that they are trying to avoid criminal charges. While this was one of the largest thefts in DeFi history, the damage may be limited. It can be difficult to launder or cash out cryptocurrency without leaving a trail of clues, so the incident may discourage future attacks.
Continue reading The hacker behind a giant cryptocurrency heist is returning stolen funds