Poly Network, a decentralized finance (DeFi) cross-chain protocol that was hacked for a record-breaking $610 million earlier this month, has announced that it has successfully completed the recovery of the lost funds.
Per a blog post, the process was concluded on Wednesday, August 25, after “a series of standard procedures” resulted in Tether releasing a total of 33,431,200 USDT.
Yay! #PolyNetwork has completed the recovery of all #PolyNetworkExploit affected user assets. (approx. worth $610M)#PolyBridge has now restored cross-chain functionality for a total of 59 assets. Other advanced functions will be gradually restored.https://t.co/bGOXc7xJS1
— Poly Network (@PolyNetwork2) August 26, 2021
The funds in question were frozen by Tether, the company behind the world’s most popular stablecoin, shortly after the attack on Poly Network on August 10, and were the final piece of the puzzle the team had to solve.
Now, with the coins restored to the Poly Network’s designated multi-
Źródło: https://decrypt.co/79465/poly-network-says-stolen-assets-recovery-complete
