Crypto platform to hacker who stole $600 million: please, become our chief security advisor

In a surprising turn of events, the hacker behind the enormous $600 million crypto heist has been offered a senior consultancy position by the very cryptocurrency platform he stole from. 

Poly Network, the cryptocurrency platform that suffered what is thought to be the largest cryptocurrency heist of all time, is now offering the hacker behind it the position of chief security advisor for the firm, as well as a $500,000 reward for returning most of the stolen crypto (all but $33 million has now been returned).

In a perplexing statement issued by the decentralized finance platform on August 17, Poly Network praised the hacker for “sharing his concerns” about the firm’s security and invited them to “actively cooperate” with the company on upgrading its security systems.

“Also, to extend our thanks and encourage Mr. White Hat to continue contributing to security advancement in the blockchain world together with Poly Network, we cordially invite Mr. White Hat to be the Chief Security Advisor of Poly Network.” - Poly Network

While the mystery hacker - who the platform calls Mr. White Hat - did not accept the initial $500,000 bounty, the platform made it clear that the monetary offer still stands. “We fully respect Mr. White Hat’s thoughts, and to express our gratitude, we will still transfer this $500,000 bounty to a wallet address approved by Mr. White Hat for him to use it at his own discretion for the cause of cybersecurity and supporting more projects and individuals,” the firm said in a statement.

The company also pledged not to hold Mr. White Hat “legally responsible” for the heist, and is “counting on more experts like Mr. White Hat to be involved in the future development of Poly Network.”

More from CyberNews:

Security consultant hacked a capsule hotel to shut up his noisy neighbor

One-click Microsoft Outlook button makes it a breeze for workers to report phishing emails

The role of green data centres in the fight against climate change

Britons targeted by a Flubot malware scam

The cost of unwanted bot traffic – up to $250M a year

Subscribe to our newsletter

Leave a Reply

Your email address will not be published. Required fields are markedmarked