The cryptocurrency platform which lost $610 million in a <a href="https://www.reuters.com/article/fintech-blockchain-polynetwork/crypto-platform-poly-network-rewards-hacker-with-500000-bug-bounty-idUSL4N2PK1T6?rpc=401&amp;" target="_blank" rel="nofollow noopener">hack</a> earlier this week, Poly Network, made a confirmation on Friday it had offered the hacker a $500,000 bug bounty. In a recent statement, the network thanked the hacker for helping them improve the security of the network.
<h2>Crypto Platform Poly Network Thanked the Hacker and Dubbed Him a “White Hat”</h2>
The network said that it hoped “Mr White Hat” would contribute to the continued development of the blockchain sector upon accepting the $500,000 reward, which it had offered as part of negotiations around the <a href="https://www.cryptoknowmics.com/news/hackers-behind-poly-network-heist-return-258-million-to-the-platform/">return of the digital coins</a>.

However, it should be noted that the statement did not mention the exact form in which it is going to pay the $500,000 reward. Though the statement revealed that the hacker responded to the offer, it did not mention if the reward was accepted.

https://twitter.com/PolyNetwork2/status/1425820218182438936

Tom Robinson, the Chief Scientist and co-founder of Elliptic, a crypto tracking firm, shared digital messages on Thursday that showed a person claiming to have executed the hack had said Poly Network offered him the bounty to return the stolen assets.

As for the crypto platform Poly Network, it is not much popular in the crypto space, and it is a Defi platform that facilitates P2P dealings with an aim of allowing users to transfer tokens across different blockchains.
<h2>Learning More About the Statement </h2>
In accordance with the statement released on Friday, the <a href="https://www.cryptoknowmics.com/news/hackers-steal-600m-from-poly-network-in-biggest-defi-hack-ever/">hacker</a> has returned $340 million worth of assets and transferred the bulk of the rest to a digital wallet jointly controlled by them and Poly Network.

Without giving further explanations, the statement said:
<blockquote>“After communicating with Mr. White Hat, we have also come to a more complete understanding regarding how the situation unfolded as well as Mr. White Hat’s original intention.”</blockquote>
Also, it should be known that the hackers said in digital messages that they executed the attack just for fun, and it was already planned that they will return the tokens.

Poly Network Offered the Hacker with $500,000 Bug Bounty 

The cryptocurrency platform which lost $610 million in a hack earlier this week, Poly Network, confirmed it had offered the hacker a $500,000 bug bounty.

Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.

Poly Network Offered the Hacker with $500,000 Bug Bounty

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