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HomeTechnologyAfter 600 million theft: Poly Network wants hackers as chief security advisor

After 600 million theft: Poly Network wants hackers as chief security advisor

Crypto hackers will be rewarded. (Photo: Shutterstock)
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The hacker alleged to have stolen $ 600 million worth of tokens from the Poly Network crypto platform is now invited to become the company’s chief security advisor.

The US company Poly Network, which specializes in cross-chain transactions of cryptocurrencies, was confronted with a $ 600 million hack last week – arguably the biggest theft in crypto history, in any case in the still young defibrillator sector. The blockchains of Ethereum, Binance and Polygon were affected. The person behind the hack who says “Mr. White Hat “has meanwhile given back most of the money – there is now a special offer for this.

$ 500,000 and advisor positions

Because, on the one hand, Poly Network has a reward for the hacker Promised to the amount of $ 500,000 – if the money was returned in full. He is also invited to act as the company’s chief security advisor in the future, as reported by CNBC. The hacker is currently said to have $ 33 million from the hack. More than 200 million dollars have been transferred back, but are still in a secure account. Poly Network asked the hacker to hand over the password (private key) required for access.

At first, the hacker had refused the $ 500,000 reward. On Monday, however, a message about a return transfer said that he was considering taking the money after all – “as a bonus for hackers who manage to hack Poly Network”. The company said Tuesday that it would make a significant system upgrade to prevent such attacks from happening in the future. However, this can only happen when all the stolen money has been returned.

There is only money when everyone is ready

Well also, in order to actually get the money back in full, Poly Network officially assured that they do not intend to prosecute the hacker. It is still unclear who the hacker is. However, the Chinese cybersecurity company Slowmist had claimed on Medium that they had a suspect in their sights. The company has not yet revealed who it is. According to the hacker, the last installment should only be released when everyone is ready. What this means is not known.

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Sandra Loyd
Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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