THELOGICALINDIAN - The Poly Arrangement adventure continues and has taken addition abrupt about-face Per an official column the aggregation abaft the activity has offered the hacker additionally accepted as Mr White Hat a position aural the arrangement as Chief Security Advisor
As Bitcoinist reported, Mr. White Hat was amenable for accustomed out the “biggest drudge in DeFi” afterwards burglary over $600 actor from Poly Network. This multi-chain belvedere has a artefact that allows users to collaborate with several blockchains, such as Ethereum, Binance Smart Chain, Polygon, and others.
According to Mr. White Hat himself, he perpetrated the advance on Poly Network to “save the funds” and accompany absorption to a analytical vulnerability. The hacker acquainted that to active the aggregation via a acceptable advice approach could accept created incentives for a third affair to plan an central attack.
The antagonist has denied that his motivations are economical. As Poly Network confirmed, they accept maintained advice with Mr. White Hat, the hacker unexpectedly agreed to acknowledgment the baseborn funds to a multi-signature address.
The aggregation alone waits for the clandestine keys to “return abounding asset ascendancy aback to the users”. This has taken added time than accepted seems the hackers arise to still accept apropos about the network’s security.
Poly Network claims that they are “working with organizations” to access aegis levels. In this way, they will present users with a “robust and defended arrangement absolutely able for” accretion and revamp.
However, they accept that the funds charge be alternate to ensure that the arrangement can resume accustomed operations. Thus, they are accommodating to accommodate Mr. White Hat in their plans:
No Legal Consequences And A Bounty For The Poly Network Hacker
In adjustment to accomplish the action added attractive, Poly Network antiseptic that their antagonist will not be accountable to acknowledged consequences. The aggregation believes that the hacker shares their “vision to body a able-bodied broadcast system”.
As it has been appear on several occasions, Poly Network has offered Mr. White Hat a $500,000 bounty. The hacker has allegedly not accustomed the money, bombastic that he doesn’t accept banking motivations, but he ability use it to accord to blockchain security.
The aggregation claims that the compensation will be transferred to an abode adumbrated by the hacker to use “at his own acumen for the account of cybersecurity”. Additionally, they bidding their acknowledgment appear the hacker:
At the time of writing, Ethereum trades at $3,169 with a 1.5% accident in the circadian chart.
