A cryptocurrency company that had $610 m taken from it has actually used the hacker accountable a task as the business’s primary security advisor.
Poly Network likewise proposed offering “Mr White Hat” a $500,000 “bug bounty” to return the hacked cryptocurrency, in addition to welcoming them to work for the business.
” Poly Network no objective of holding #mrwhitehat lawfully accountable and cordially welcomes him to be our Chief Security Consultant. $500,000 bounty is on the method. Whatever #mrwhitehat selects to do with the bounty in the end, we have no objections,” the business tweeted.
A bug bounty benefits “friendly” hackers who show security vulnerabilities in a business’s systems or software application, while “White Hat” is a term for somebody who hacks for ethical factors.
Poly Network stated that the hacker did decline the bounty however might provide it to the technical neighborhood who have actually dealt with blockchain security.
The platform openly exposed the big hack on 10 August and requested the cash to be gone back to them.
That procedure started the next day with the cash being gradually gone back to the business, which stated that it had actually seen all however $33 m in frozen Tether coins returned.
However more than $200 m of the funds was left by the hacker in a locked account that needed a password to gain access to it, which they still have actually not gotten.
” We have actually made consistent efforts to develop an understanding with Mr. White Hat and really hope that Mr. White Hat will move the personal secrets as quickly as possible so that we can return complete possession control back to the users at the earliest,” the business stated on Twitter.
And they included: “Once again, it is very important to restate that Poly Network has no objective of holding Mr. White Hat lawfully accountable, as we are positive that Mr. White Hat will immediately return complete control of the properties to Poly Network and its users.
” As we have actually mentioned in previous statements and encrypted messages that have actually been revealed, we are grateful for Mr. White Hat’s exceptional contribution to Poly Network’s security improvements.”
The hacker later on stated that they took the cash “to keep it safe” after identifying a bug which they planned to reveal Poly Network’s vulnerability.
The company states that it has actually now developed a spot to repair the security problem.
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