honestly this is kind of hilarious as the Tether company still has $33 million Tether frozen
and now the new Chief Security Officer acting on behalf of the official Poly Network organization will be the one that requests Tether inc to unfreeze the stolen coins. By the guy that stole them
this ridiculous story reminds me of how crypto used to be 10 years ago lol
those particular tokens could have been sold for close to $600M
or yield farmed with to earn things that could be sold - some of the DAI and others were deposited into Curve to do exactly that
and even if they sold them over time at a small haircut, that would have been on Uniswap, and all the arbitragers from exchanges would have tried to buy the discount and sell at the higher price on custodial exchanges, providing continual liquidity for the hacker
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[ 2.7 ms ] story [ 34.9 ms ] threadand now the new Chief Security Officer acting on behalf of the official Poly Network organization will be the one that requests Tether inc to unfreeze the stolen coins. By the guy that stole them
this ridiculous story reminds me of how crypto used to be 10 years ago lol
Sounds like the same play Valve tried to pull off on the person who stole the HL2 code back in the day https://www.wired.com/2008/11/valve-tricked-h/
2 crypto is all a scam, therefore wont be surprised to learn in a few years it was inside job arranged for exposure.
or yield farmed with to earn things that could be sold - some of the DAI and others were deposited into Curve to do exactly that
and even if they sold them over time at a small haircut, that would have been on Uniswap, and all the arbitragers from exchanges would have tried to buy the discount and sell at the higher price on custodial exchanges, providing continual liquidity for the hacker
yes, this damage control is pretty amateurish