Poly Network hacker returns $258M after stealing $600M

How much would they offer to him?

It's a hot take, and a lot of people will write this off as pretentious and egocentric, but I believe him.

Big crypto as a whole has to stop.

The original intention of cryptocurrency was to be an experiment (!!!) with providing alternative peer-to-peer transactions that didn't rely on the value of a centralized economy. It didn't account for what would happen when a part of that load shifted to the network.

A lot of people have a hard time understanding the scale of the world's economy, but it's really something to behold. Each one of the world's 8-billion-some people need a handful of resources to survive, and to be conservative I'll estimate that the average human makes 2 transactions a day. That's 2 documented transfers, per person, per day. Those numbers add up very quickly, and if even a fraction of them start to pile onto a collapsing concept, there's no way it can sustain it. Hacks like this are an important step towards reminding people that "money" on the blockchain isn't actually money. You're purchasing a digital asset that now suffers the same issues that the stock market does, except the FCC can't do anything about it. And they shouldn't do anything about it, either. This smoking garbage pile is a great example of how such large, experimental networks can break down at every level.

I'll file it between "Exit Scamming" and "Hash Collision"

In reality, parts of the crypto community moved quickly to block transactions involving the funds and some security researchers claimed they had solid leads on tracking down the hacker’s identity. I think the hacker realized that if their identity was compromised then the legal system wouldn’t look kindly on someone stealing hundreds of millions of dollars.

Returning the funds and trying to portray the hack as a noble operation to identify flaws in the system is one way to try to re-spin the events as a positive. It appears they’re hoping to collect donations or some sort of reward as a sort of clean money takeaway.

It must have been a wild emotional roller coaster to go from securing $600 million dollars for yourself to realizing that you made a mistake that tied your real identity to the heist.