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The Hacker says They are Thinking About Poly Network Bounty Offer

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The attacker now says they are considering accepting the $500,000 bounty offered by Poly Network as a reward for returning the funds, and using it to pay anyone else who can hack the DeFi site.

The Poly Network cyberattack saga has dragged into its second week with the hacker or hackers yet to provide the key for the multi-signature wallet needed to complete the full return of the roughly $600 million that was stolen, with the exception of the $33 million worth of the stablecoin USDT (+0.03%) that was frozen by Tether.

  • China-based Poly Network had previously offered $500,000 to the attacker or attackers as a reward for returning the money taken on the Binance Smart Chain (BSC), Ethereum and Polygon platforms in what is likely the largest-ever hack of a decentralized finance (DeFi) site.
  • The hack or hackers acknowledged receiving the offer and initially said they had declined it, but had instead begun (and eventually completed) returning the stolen funds to a multi-signature wallet set up by Poly Network. The hacker or hackers haven’t turned over the final key for the wallet, though.
  • In a message posted to the Ethereum blockchain at 1:45 p.m. UTC on Monday, the attacker, who the Poly Network is calling “Mr. White Hat” but who some others doubt is a true white hat hacker, said that they were considering taking the bounty and using it to reward anyone else who can hack the cross-chain platform. A “white hat” attacker is one who tries to exploit vulnerabilities in a protocol to help expose and ultimately fix bugs or loopholes in the underlying code.
  • ”MONEY MEANS LITTLE TO ME, SOME PEOPLE ARE PAID TO HACK, I WOULD RATHER PAY FOR THE FUN,” the attacker or attackers wrote. “IF THE POLY DON’T GIVE THE IMAGINARY BOUNTY, AS EVERYBODY EXPECTS, I HAVE WELL ENOUGH BUDGET TO LET THE SHOW GO ON.”
  • ”I TRUST SOME OF THEIR CODE, I WOULD PRAISE THE OVERALL DESIGN OF THE PROJECT, BUT I NEVER TRUST THE WHOLE POLY TEAM,” the attacker added.
  • ”I WILL PROVIDE THE FINAL KEY WHEN _EVERYONE_ IS READY. MY IDEA IS NOT CHANGED, BUT I DO WORRY IT MIGHT BE AN ENDLESS WAR. SO I MIGHT RELEASE IT EARLIER AS LONG IF THE COMMUNITY UNDERSTANDS EVERYTHING.”

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