The cryptocurrency platform Poly Community, the goal of $610 million heist, has provided the hacker a chief safety advisor place.
What Occurred: Poly Network mentioned that it’s providing the hacker a place of safety advisor with a bounty of $500,000 and is referring to them as “Mr. White Hat.”
“To increase our thanks and encourage Mr. White Hat to proceed contributing to safety development within the blockchain world along with Poly Community, we cordially invite Mr. White Hat to be the Chief Safety Advisor of Poly Community,” the corporate mentioned within the official assertion.
Beforehand, the hacker refused to simply accept the bounty cost provided to them by Poly Community.
“The poly did provide a bounty, however I’ve by no means responded to them. So as an alternative, I’ll ship all of their a reimbursement [sic],” they replied.
Nonetheless, they’ve thought of providing it to the technical neighborhood who’ve made contributions to blockchain safety, the corporate mentioned.
“Poly Community has no intention of holding Mr. White Hat legally accountable, as we’re assured that Mr. White Hat will promptly return full management of the belongings to Poly Community and its customers.”
“We’re grateful for Mr. White Hat’s excellent contribution to Poly Community’s safety enhancements. Whereas there have been sure misunderstandings to start with because of poor communication channels, we now perceive Mr. White Hat’s imaginative and prescient for Defi and the crypto world, which is in step with Poly Community’s ambitions from the very starting,” mentioned the Poly Community. “
The Cash Heist: Final week, DeFi protocol Poly Community reported a complete lack of over $611 million within the malicious assault, making it the largest hack in DeFi historical past thus far.
In line with Slowmist, the attackers’ funds have been funded by buying and selling the privateness coin Monero (CRYPTO: XMR) for Binance Coin (CRYPTO: BNB), Ethereum, Polygon, and different tokens.
The day after the assault, the exploiter began sending a number of the stolen a reimbursement.
Poly Community subsequently shared the small print of three multi-sig addresses on Polygon, Ethereum, and Binance Sensible Chain on Twitter, whereas stating that they hoped the hacker would switch the remaining belongings.
Later the hacker returned all the sum of $610 million to the DeFi protocol.
Nonetheless, greater than $200 million of the funds is but at present locked in an account, and it requires passwords to realize entry.
Poly Community mentioned it genuinely hopes “Mr. White Hat will switch the personal keys as quickly as attainable in order that we are able to return full asset management to the customers on the earliest.”
The hacker mentioned he carried out the assault “for enjoyable” and selected Poly Community particularly as a result of “cross-chain hacking is sizzling.”
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