PolyNetwork Offers ‘Mr. White Hat’ Security Advisor Position on its Platform

Following the PolyNetwork saga, the platform has decided to invite the hacker whom it dubbed “Mr. White Hat” to join its team.

In an announcement on Tuesday, PolyNetwork said that it will not hold Mr. White Hat legally responsible for the attack on the platform and wishes to employ him as its Chief Security Advisor.

“Poly Network has no intention of holding Mr. White Hat legally responsible, as we are confident that Mr. White Hat will promptly return full control of the assets to Poly Network and its users.”

The network added,

“To extend our thanks and encourage Mr. White Hat to continue contributing to security advancement in the blockchain world together with Poly Network, we cordially invite Mr. White Hat to be the Chief Security Advisor of Poly Network.”

In addition to the job offer, PolyNetwork noted that it will also transfer the $500,000 bug bounty reward that Mr. White Hat had earlier rejected.

On Friday, the hacker had rejected the bug bounty reward from PolyNetwork stating that the money should be offered to the technical community who have made several contributions to blockchain security.

However, PolyNetwork still insists on sending the funds to Mr. White Hat for whatever he so pleases to do with it, especially for the cause of cybersecurity and supporting more projects and individuals.

The Biggest Hack in DeFi History 

On August 10, Mr. White Hat broke the record for the biggest back in the DeFi space by exploiting cross-chain interoperability protocol, PolyNetwork, and transferring a whopping $612 million from the platform.

The crypto community immediately swung into action, with crypto exchanges tracking the movement of funds on the three wallet addresses under the hacker’s control.

However, in a surprising turn of events, less than 24 hours after the hack occurred, the hacker indicated a willingness to return the funds via a series of encrypted messages on the Ethereum blockchain.

PolyNetwork noted,

“While there were certain misunderstandings in the beginning due to poor communication channels, we now understand Mr. White Hat’s vision for Defi and the crypto world, which is in line with Poly Network’s ambitions from the very beginning.”

The hack gained popularity both within and outside the crypto industry, prompting interest in PolyNetwork.