Poly Network shares with the hacker the vision of building a more solid system. They asked users to be more patient while they develop all the needed updates.
The decentralized finance protocol (DeFi), Poly Network, after the hacking attack it suffered on its platform on August 10, now expresses interest in recruiting the attacker nicknamed Mr. White Hat to join the company in its efforts to create a more secure environment.
Poly Network reports that it has been sustaining constant communication with the attacker, who even received an invitation to become a “Senior Security Advisor” as a way of appreciation and to continue to help advance the security on the platform.
The company stated that it hopes to use the experience of Mr. White Hat as a part of the team to accomplish the future development of Poly Network since they believe they share with the hacker the idea of developing a robust system, according to a published statement on August 17.
Although the hacker has not yet answered the entity’s offer, they assure that Mr. White Hat has sustained conversations with the DeFi security team. The hacker has expressed his concerns about the security that covers up the platform.
In this sense, Poly Network said they intend to bring more security. They also want to present a more robust and prepared system to work on the recovery and renewal of the protocol.
Poly Network that the update of the platform could not happen overnight. In turn, they explained that they would guarantee the safety of user assets to “return them as soon as possible.”
Poly Network Does Not Want to Report the Hacker
Poly Network clarified in their publication that there would not be filed charges against Mr. White Hat, as they trust that he will return the total control of the assets to the platform and its users.
Poly Network also expressed how grateful the company is for Mr. White Hat’s collaboration to security improvements despite misunderstandings during their conversations. Poly Network assured they can sympathize with Mr. White Hat’s vision for DeFi and the world of cryptocurrencies, which is in line with Poly Network’s ambitions from the beginning.
The Professional Relationship between Poly Network and Mr. White Hat
The DeFi develops protocols for the operation of multiple blockchains, Poly Network, faced serious violations days ago by Mr. White Hat, who stole USD 600 million in cryptocurrencies and tokens. This crime would be one of the worst events for decentralized finance platforms.
The network received a series of attacks on Binance Smart Chain, Ethereum, and Polygon. Poly Network made the situation public through its Twitter account. The organization suggested all exchanges and miners place the involved tokens on a blacklist to fight back, and counter the attack.
After 48 hours of disrupting the smart contracts and draining the funds, the hacker returned a big part of the digital assets to a multi-signature wallet provided by the platform. The attacker rejected a reward for at least USD 500 thousand that the platform had offered.
By: Jenson Nuñez
