The hacker who stole and gave again $600M has been supplied a job and reward from the corporate he stole from

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The hacker who stole and gave back $600M has been offered a job and reward from the company he stole from

The crypto thief is being supplied the function of Chief Safety Advisor and a $500,000 reward.
(Picture credit score: Andreas Schlegel/Getty Photos)

Final week, over $600M in cryptocurrency was stolen in an elaborate digital heist when a hacker exploited a vulnerability in Poly Community, a platform used to make cryptocurrency transactions throughout totally different blockchains. If that wasn’t a wild sufficient story, the hacker later returned almost all the stolen forex after the unlawful transactions have been flagged (which made the cash almost inconceivable to transform to US {dollars} anyway).

In one more weird twist to this story, Poly Community introduced at the moment in a Medium

publish

that it has maintained day by day contact with the hacker known as Mr White Hat. Poly Community claims that the hacker shared his issues about “Poly Community’s safety and general growth technique” within the publish.  

Poly Community then supplied Mr. White Hat a job as Chief Safety Advisor of Poly Community. It is not unusual for hackers to make dwelling testing out the digital protection of enormous firms for a charge. The concept is: Who higher to run your safety than the one who robbed you?  

#PolyNetwork has no intention of holding #mrwhitehat legally accountable and cordially invitations him to be our Chief Safety Advisor. $500,000 bounty is on the way in which. No matter #mrwhitehat chooses to do with the bounty in the long run, we have now no objections. https://t.co/4IaZvyWRGzAugust 17, 2021

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“We’re additionally relying on extra specialists like Mr. White Hat to be concerned sooner or later growth of Poly Community since we consider that we share the imaginative and prescient to construct a safe and sturdy distributed system,” the corporate wrote. “Additionally, to increase our thanks and encourage Mr. White Hat to proceed contributing to safety development within the blockchain world along with Poly Community, we cordially invite Mr. White Hat to be the Chief Safety Advisor of Poly Community.”

Poly Community additionally promised Mr. White Hat a $500,000 bug bounty for locating the exploit that resulted within the large theft, though the hacker initially turned it down. Poly Community nonetheless despatched him the $500K for him to do as he pleases. The corporate additionally said that it’s not holding Mr. White Hat legally accountable as a result of it is “assured that Mr. White Hat will promptly return full management of the belongings to Poly Community and its customers.”

Although his identify is Mr. White Hat, some customers have discovered it laborious to consider that the theft was an surprising safety check and never merely a messy heist that either side are actually attempting to get well from.  

And when you’re nonetheless conserving rely, as of Friday, $340M was returned together with $238M to a multi-signature pockets with a the rest of $33M that is at present ready to be unfrozen. Poly Community additionally took this second to show lemons into lemonade and announce the launch of a bug bounty program. Discovering vulnerabilities on their platform can rating you as much as $100,000. 

Jorge Jimenez

Jorge is a {hardware} author from the enchanted lands of New Jersey. When he isn’t filling the workplace with the odor of Pop-Tarts, he is reviewing all kinds of gaming {hardware} from headsets to recreation pads. He is been masking video games and tech for almost ten years and has written for Dualshockers, WCCFtech, and Tom’s Information.