Last week, over $600M in cryptocurrency was stolen in an elaborate digital heist when a hacker exploited a vulnerability in Poly Network, a platform used to make cryptocurrency transactions across different blockchains. If that wasn't a wild enough story, the hacker later returned nearly all of the stolen currency after the illegal transactions were flagged (which made the money nearly impossible to convert to US dollars anyway).
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In yet another bizarre twist to this story, Poly Network announced today in a Medium post that it has maintained daily contact with the hacker referred to as Mr White Hat. Poly Network claims that the hacker shared his concerns about "Poly Network’s security and overall development strategy" in the post. Poly Network then offered Mr. White Hat a job as Chief Security Advisor of Poly Network. It's not uncommon for hackers to make living testing out the digital defense of large companies for a fee. The idea is: Who better to run your security than the person who robbed you?
#PolyNetwork has no intention of holding #mrwhitehat legally responsible and cordially invites him to be our Chief Security Advisor. $500,000 bounty is on the way. Whatever #mrwhitehat chooses to do with the bounty in the end, we have no objections. https://t.co/4IaZvyWRGzAugust 17, 2021