Poly Network, the cryptocurrency platform that lost $610 million in a hack earlier this week, confirmed on Friday it had offered the hacker or hackers a $500,000 “bug bounty.”
In a statement, it thanked the hacker whom it dubbed a “white hat,” sector jargon for an ethical hacker who generally aims to expose cyber vulnerabilities – who had returned the bulk of the funds for “helping us improve Poly Network’s security.”
The network also said it hoped “Mr White Hat” would contribute to the blockchain sector’s continued development upon accepting the $500,000 reward, which it had offered as part of negotiations around the return of the digital coins.
The statement did not specify the form in which it would pay the $500,000. It said the hacker had responded to the offer but did not say if it was accepted.
On Thursday digital messages shared on Twitter by Tom Robinson, chief scientist and co-founder of crypto tracking company Elliptic, showed a person claiming to have perpetrated the hack had said Poly Network offered him the bounty to return the stolen assets.