14 DAY TRIAL // After the largest heist in the history of decentralized financial systems, PolyNetwork decided to use an original approach by offering the attacker a job and allowing him to keep a small portion of the loot, according to NDTV.
PolyNetwork, a platform that allows users to move tokens between multiple blockchains, has been recently dispossessed of $610. The hacker stated that the assault was carried out to prevent the project from being shut down. Consequently, he committed to repaying the stolen cash and has already supplied approximately half of the total amount due.
After the attack, PolyNetwork raved about the hacker, whom the company referred to as Mr. White Hat, a term that refers to ethical hackers who identify vulnerabilities in computer networks and inform companies or organizations how to fix them. The identity of the hacker or the hacking organization has not been revealed at this time.
The DeFi platform wishes to reclaim its clients' digital assets
PolyNetwork said in a statement that “To extend our thanks and encourage Mr. White Hat to continue contributing to security advancement in the blockchain world together with PolyNetwork, we cordially invite Mr. White Hat to be the Chief Security Adviser of PolyNetwork,” emphasizing that they do not want the cybercriminal to be held legally liable as they trust he will return the stolen digital assets as soon as possible.
The company is still attempting to recover all customer funds. After reclaiming half of the network's assets, the hacker moved the remaining cash (about $235 million) to a shared account safeguarded by two unique keys. One of the keys was handed to PolyNetwork, while the hacker retained the other. To make that the money is still there, PolyNetwork demanded the threat actor hand over his key. Although the hacker has been a job and can keep $500,000 in cash, he is still required to comply.