InstaForex

August 18, 2021

Crypto Heist In Poly: Hacker Offered Chief Security Advisor!

 Last week the crypto community was rocked by an incident described as a ‘Crypto Heist’, in which Poly Network was reported to have been the victim of hacking, resulting in the loss of funds worth RM2.5 billion ($ 600 million) in the blink of an eye.


Poly Network is a protocol that operates on the Binance Smart Chain (BSC), Ethereum (ETH), and Polygon (MATIC) blockchain. In response to this several major crypto exchanges have offered help and support.


This incident has become the biggest incident in the history of crypto. The incident did not end here when the hackers found repentance and returned the RM2.5 billion stolen on the Poly Network network.



With that, Poly Network can return the crypto assets in stages. If previously Poly Network offered half a million to hackers, the latest report reports they are now offering to hackers ‘Mr White Hat’ to be Poly Network’s chief security advisor.


The firm informed, ‘We rely on more experts like Mr. White Hat to be involved in the development of Poly Network in the future because we believe that we share the same vision to build a secure and robust system ’.


Currently, Poly Network is still waiting for Mr White Hat to return the private key to Poly Network.