Following the Poly Network exploit which we reported earlier , the attacker stole more than $600 million in cryptocurrency, only to return the lion’s share of the loot. The network is still reducing the damage and fixing its weaknesses, while maintaining contact with the responding hacker.
The compromised cross-chain bridge protocol, which allows for flexible interaction between several chains, welcomed the anonymous perpetrator of the largest decentralised finance (DeFi) theft to join the team’s senior security advisor post.
The network stated that it has no intention of making the hacker legally liable while proposing a position of “Chief Security Adviser.”
“We have made constant efforts to establish an understanding with Mr. White Hat and sincerely hope that Mr. White Hat will transfer the private keys as soon as possible so that we can return full asset control back to the users as soon as possible,” said the protocol in the latest update, because a portion of the stolen funds is still locked in a multi-signature wallet, with the hacker withholding his key.
Poly Network has begged with the attacker to reveal the private key and has already promised him/her a large $500,000 prize, referring to the perpetrator as “Mr. White Hat” to emphasise his/her ethical motivations.
“I am thinking of taking the bounty as a bonus for public hackers if they can breach the Poly Network,” the attacker answered, while the network claims it will accept “whatever Mr. White Hat chooses to do with the bounty in the end.”