“Poly Network has no intention of holding Mr. White Hat legally responsible," said the team.
Decentralized finance protocol Poly Network has offered the person
behind a $610 million hack an advisory position and $500,000 — whether
they like it or not.
In a Tuesday update, the Poly Network team said
in a seeming attempt to gain access to hacker’s expertise, it would be
inviting them to the position of chief security advisor. In addition,
the project will be sending a $500,000 bounty for the attacker, whom
Poly dubbed ‘Mr. White Hat,’ despite the fact they have previously refused any payment.
“Poly
Network has no intention of holding Mr. White Hat legally responsible,
as we are confident that Mr. White Hat will promptly return full control
of the assets to Poly Network and its users,” said the team. “As we
have stated in previous announcements and encrypted messages that have
been made public, we are grateful for Mr. White Hat’s outstanding
contribution to Poly Network’s security enhancements.”
The hack was reported on Aug. 10, when analysts noted that roughly $610 million had been removed
from the Polygon network, the Binance Smart Chain, and Ethereum. The
hacker subsequently communicated with the Poly Network team and others
through embedded messages in Ethereum transactions, agreeing to return
the funds. Poly Network said it determined that the attack constituted
“white hat behavior” and offered Mr. White Hat a $500,000 bounty.
The
Poly Network team said it was “counting on more experts like Mr. White
Hat to be involved” in the future development of the project, “since we
believe that we share the vision to build a secure and robust
distributed system.” The hacker returned all the funds with the
exception of $33 million in frozen Tether (USDT), but has not yet turned
over the key to the multisig wallet Poly set up for the transfer.
It’s
a somewhat surprising turn for the individual responsible for the
largest hack in DeFi to be offered a reward and a — presumably — paid
position at the company which was the target of their attack. Though the
hacker’s identity has yet to be made public, Chinese cybersecurity firm
SlowMist posted an update shortly after news of the hack broke, saying
its analysts had identified the attacker's email address, IP address and
device fingerprint.
“We are grateful for Mr. White Hat’s
outstanding contribution to Poly Network’s security enhancements,” said
the Poly Network. “While there were certain misunderstandings in the
beginning due to poor communication channels, we now understand Mr.
White Hat’s vision for Defi and the crypto world, which is in line with
Poly Network’s ambitions from the very beginning.”
Related: Poly Network hack exposes DeFi flaws, but community comes to the rescue
With
the exception of thousands of users being temporarily unable to access
their funds, the events of the last week seem to have had a net result
of additional media attention over the Poly Network. Data from Google shows
interest in the DeFi project reached an all-time high on Aug. 11 and is
still well above what it had been since Poly launched last year.
source link : https://cointelegraph.com/news/poly-network-offers-to-on-board-mr-white-hat-as-chief-security-advisor
