Poly Network Cyberattack Dragged into Second Week

August 17, 2021

Hong Kongers use blockchain

The Poly Network cyberattack saga has hauled into its second week with the hacker or hackers yet to give the key to the multi-signature wallet expected to finish the full return of the generally $600 million that was stolen, except for the $33 million worth of the stablecoin USDT that was frozen by Tether.
China-based Poly Network had recently offered $500,000 to the attacker or attackers as an award for returning the cash taken on the Binance Smart Chain (BSC), Ethereum and Polygon stages in what is possible the biggest at any point hack of a decentralized finance or DeFi site.

The attack or attackers recognized getting the offer and at first said they had declined it, yet had rather started returning the stolen funds to a multi-signature wallet set up by Polygon Network.

In a message presented on the Ether blockchain at 1:45 p.m. UTC on Monday, the attacker, who the Poly Network is calling Mr. White Hat yet who some others question is a genuine white hat hacker, said that they were thinking about taking the bounty and utilizing it to compensate any other individual who can hack the cross-chain stage. A white hat attacker is one who attempts to take advantage of weaknesses in a convention to help uncover and at last fix bugs or provisos in the fundamental code.

Cash means less to me, some people are paid to attack, I will rather pay for the entertainment, the attacker or attackers composed. In the event that the Polygon didn’t provide the imaginary bounty, as everyone expects, I have well enough budget to let the fun go on. The attacker further added, I trust some of the Poly’s code, I will appreciate the overall design of the project, but I’ll never trust the full Poly team.

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