Poly Network, a decentralized financial company, provided a bug bounty of $500,000 to Stealing hacker Earlier this week, he obtained more than 600 million U.S. dollars worth of cryptocurrency from it, Reuters Report today. The company also initiated the process of returning stolen assets to its rightful owners and improved the security of its platform after the high-profile theft.
Started by the hacker called “Mr. White Hat” by Poly Networks Return stolen funds Soon after the hack was completed.Mr. White Hat back then Compare yourself to Batman Messages sent to the Poly Network and the decentralized financial community in the public transaction log.
Poly Network Say This morning, “approximately $238 million is currently being transferred to the 3/4 multi-signature wallet, and we are still waiting for Mr. White Hat to provide his final key authorization,” and That Another 33 million USD of USDT was frozen, and the company worked with Tether to ensure the safe return of funds.
The company also outlined its planned response to the hacking:
To ensure that asset recovery is complete, safe, and smooth, we simply share the roadmap for #PolyNetwork to resume operations in the next phase and fully recover user assets.August 13, 2021
Its response may be affected by the additional scrutiny brought about by such high-profile hackers, its users’ concerns about the security of the platform, and attempts to take advantage of the various hype surrounding the company. scam(All of these are common after the well-known hacking attacks, not unique to Poly Network.)
Poly Network admits that it has received a lot of scrutiny due to this hacking – and it is not the only one being judged.
“This incident not only involves all #PolyNetwork users, community participants and partners,” it Say“But it also greatly affected the confidence of the entire society in the encryption industry.”