The platform that lost 610 million cryptocurrencies offered half a million rewards to the “hacker”

Poly Network, the platform that made news this week of losing $610 million in cryptocurrency by exploiting a vulnerability, has confirmed that it offered $500,000 as a “mistake reward” to the hacker who carried out the attack.

According to Reuters, the company confirmed that it offered this amount as a reward to the “hacker” or a group of “hackers”, for having returned a large part of the money. The logic of “bug bounty” is a common practice in many companies, which offer rewards to those who can find weaknesses and errors in services and products.

Polly Network only points out that “Mr. White Hat” – “white hat” is the term commonly used by the industry to describe an ethical “hacker” who helps expose vulnerabilities – helped the company recover a portion of the amount. The Poly Network is also grateful for this number that “helps improve the security” of this network. The “hacker” or group of “hackers” who carried out this attack claimed to have carried out one of the largest attacks on Cryptocurrency market for funAdding that their actions constituted the work of a “white hat” for ethical purposes.

According to Reuters, it was not clarified whether this person or group of “hackers” accepted the reward. If accepted, this amount will not be paid by Poly Networks.