Poly Network Rewards ‘White Hat’ Hacker with a $500,000 Bug Bounty

On August 13, Poly Network confirmed it had offered the hacker or hackers responsible for its $610M loss a ‘mistake reward’ of $500,000. In a statement, Poly gratified the hacker's decision to return the bulk funds. The dubbed name is an industry term for an ethical hacker whose purpose is to expose vulnerabilities in the Poly Network’s system. What Next After the Reward? The network hopes that “Mr. White Hat” would aid in developing the blockchain sector after he accepted…