Poly Network, a decentralized finance (DeFi) protocol, said it has completed the recovery of the stolen funds. The team behind the project said that the last tranche of the recovery process included the release of 33,431,200 USDT that were frozen due to the attack.
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"At this point, Poly Network has completed the recovery of all affected user assets worth $610M," the team said.
As of press time, the Poly Network team says it has successfully completed the fourth phase of the roadmap, namely "Asset Recovery" by returning a total of 59 assets. The next phase — "Resuming Services" — includes returning assets to all users that were affected by the hack.
Poly Network suffered a massive $610 million hack on Aug.10, 2021. The project was attacked not only on the Ethereum network, but also Binance Smart Chain and Polygon. However, later the hacker returned all the stolen funds and explained he carried out the attack just "for fun."
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