DeFi network Poly rewards $500k to a hacker

[Aaron625]

Poly Network gives away $500k as bug bounty to the hacker who had exploited the vulnerability in contracts which is used to move the assets between different blockchains by not so famous Poly Network. The platform has asked hacker to choose the payment method , but there is no update on that yet. It was believed that the hacker helped the Poly Network to improve their security which is very crucial in the crypto world. So , if hackers use their knowledge in the right way , it can even have very positive impact on crypto blockchain , and if they use their knowledge in the wrong way , there can be hacks and thefts from crypto exchanges.

 

[Dowenship]

I think i remembered that their account was hacked, but since then everything about the news is like dust in the air.. does that mean the hacker returned their asset?

Poly Network gives away $500k as bug bounty to the hacker who had exploited the vulnerability in contracts which is used to move the assets between different blockchains by not so famous Poly Network. The platform has asked hacker to choose the payment method , but there is no update on that yet. It was believed that the hacker helped the Poly Network to improve their security which is very crucial in the crypto world. So , if hackers use their knowledge in the right way , it can even have very positive impact on crypto blockchain , and if they use their knowledge in the wrong way , there can be hacks and thefts from crypto exchanges.

 

[Josemendez]

The poly network hack was a news that kept the whole cryptocurrency world on suspense and this indeed shows how vulnerable most cryptocurrency sites can be.

 

[Nurudeen]

This is a very good information. I really think they can even go as far employing the hacker just because of the fact that had it been the hacker didn't return the money it's to be a huge loss on the company.

 

[harrypaul]

One thing I know about hacking is that it pays alot even more than creating content or developing apps.
It all depends on your willingness to put your head down and so it right

 

[Senator]

If the hacker actually did return the said amount of money back to the company running this crypto exchange, I think the really need to be employed on a contract basis by this company to help test their systems from time to time

 

[Setho]

This is actually a very good fit and it will allow a lot of good people to be able to help technology platforms to be able to make their software is much more safer for everybody.

 

[tuna89]

There are a lot of guys out there with high tech know how, all they need is just to have something legal doing, ethical hacking does not involve any form of fraud but preventing sites and apps from being hacked.

 

[Yusuf]

For them to offer this kind of money to the hacker it simply means that the hacker returned back the money transferred out of their crypto currency exchange platform

 

[Elfinito]

hacking is not a bad thing as people think it is, itis the wrong use of it that makes it bad.
we have seen big governmental organisation pay hackers to run some internet related issues for them which really pays off.
this is another good one for a hacker and i hope others who use their knowledge for the wrong purpose would copy from this

 

[Ceeny007]

Rewarding hackers on the long run will result to chaos later,it's only beneficial as a short run solution when they start becoming too much it pose a threat

 

[Ub40]

I want to commend the company for compensating that hacker. And i think the company supposed to even employ him to work for them in the area of Internet and security. If it were in some countries, we would see that hacker being jailed. And I don't think it is the right thing to do as he did not use it fraudulently. I think he only told the company to do something about their security network. And it is for the good of the company.

 

[Blessedsam60]

Wow! This money is outrightly huge men! 500k dollars isn't a joke. Although they have to pay those hackers to sustain their well being.
This is a welcome information to be shared among us.

 

[Lens]

I have heard of hackers returning stolen funds severally. It seems this hackers are just there to detect the loophole of the exchange platform. One the loophole was discovered, the exchanges would beef up their security.

 

[Bookwormlux]

Isn't this a way of encouraging a lot of people to go into jackingy, so that they can be doing such things to organisations that will later pay them money in return?

 

[joy101]

Hackers are very bad it is very good to use a strong network in order not to allow hackers in your website, this is best way encouraging many people when is to your website.

 

[Setho]

I am usually very angry whenever I see the news of hackers trying to Sabotage the efforts in a cryptocurrency. I always hope that they are going to look up anytime soon and then made to face the full wrath of the law.

 

[James]

Well I never see this news and glad that people often do this kind of shit and company needs to pay out money for this. Does anybody knows aftermath? Do someone earn it?

 

[Setho]

Defi is the particular aspect of business that a lot of cryptocurrency people do not understand and there's a lot of money to be made in it. It is very technical but at the same time it can be very rewarding.

 

[Chibson]

Defi is the particular aspect of business that a lot of cryptocurrency people do not understand and there's a lot of money to be made in it. It is very technical but at the same time it can be very rewarding.

Probably, decentralized finance is something you should learn if you really want to make something tangible amount of money on cryptocurrency. There are some free materials that would help you to learn it.