Poly Network offers bug bounty to hacker who stole $600 million worth of cryptocurrency
Poly Network is offering the hacker that stole $600 million worth of virtual currencies from the company a half-million dollars as a bug bounty, the company said Friday. Poly Network said that as of early Friday morning the hacker had returned roughly $340 million worth of assets they stole from the company. The remaining cryptocurrency assets have been transferred to a wallet jointly controlled by Poly Network and the hacker. The company is also still trying to retrieve $33 million worth of Tether cryptocurrency frozen by Tether. A hacker, who the company is now calling “Mr. White Hat,” stole $600 million worth of virtual currencies from Poly Network on Tuesday. Less than 24 hours later, he began to return it. The hacker claimed in blockchain messages shared by cryptocurrency compliance firm Elliptic that he stole the money “for fun” and to keep it safe from others who might exploit a […]
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