PolyNetwork to hire $611 million hacker as security consultant

After the biggest coup in DeFi history, it’s hit or miss. After a reward, the ominous hacker Mr. White Hat is now being offered a job.

About a week ago, news hit like a bombshell that a hacker had bilked DeFi protocol PolyNetwork out of a whopping $611 million. A short time later, however, the all-clear was given and the alleged culprit declared himself to be a do-gooder

. He had not wanted to cause financial damage to anyone, but had only searched for the security hole in the PolyNetwork out of pure ambition.

But this is by no means the end of the curious story. The PolyNetwork team even wanted to reward him with $500,000 in crypto assets in case he paid back his entire haul. But the hacker refused this, citing his altruistic point of view. Moreover, around 33 million USDT, which is also part of the loot, cannot be transferred back at all because Tether has blocked it

. This measure is met with criticism from many crypto fans, who accuse Tether of a centralistic power grab reminiscent of the conventional financial system.

PolyNetwork allows leniency to abound

Now there’s a new twist to this already cinematic story. Namely, after its reward offer, PolyNetwork has gone one better and offered the hacker known as Mr. White Hat

a job – as a security consultant, of course.

To express our gratitude to Mr. White Hat and encourage him to continue to contribute to the security progress in the blockchain world together with Poly Network, we cordially invite him to become Poly Network’s Chief Security Advisor,

says a statement from PolyNetwork on August 17. The team made it clear once again that it has no intention of holding Mr. White Hat

criminally responsible. Instead, PolyNetwork indulges in thank-yous to the hacker, referring to the biggest coup in DeFi history as an “outstanding contribution to security improvements.”

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The leniency that PolyNetwork, as the aggrieved party, shows towards Mr. White Hat

takes on grotesque features. Although he has refused the 500,000 US dollar reward, it will nevertheless be transferred to a wallet approved by him. The amount could then be used for further cybersecurity projects.

We sincerely hope that no future projects and industry followers have to experience similar incidents. Whatever Mr. White Hat wants to do with the reward in the end, we have no objections,

<p>so PolyNetwork continues. How it continues in this posse, can be followed via the Twitter channel.