Victims of Major Decentralized Finance (DeFi) Cyber ​​Attacks Provide Jobs to Hackers

Hacker stole $ 610 million from PolyNetwork

Approximately a week after a hacker stole $ 610 million from PolyNetwork, which is likely to be the biggest robber in the history of so-called decentralized finance, victims provided jobs to attackers.

Hackers argued that an attack on the PolyNetwork platform, which allows users to exchange tokens across multiple blockchains, is a “permanent hack” to “save a project.” The attackers have since promised to return the money and have delivered about half of it so far.

PolyNetwork, “Mr. White Hat,” is a term used to describe an “ethical” hacker who discovers a vulnerability in a computer network and warns companies and organizations to fix the vulnerability.

On Tuesday, in gratitude or perhaps resentment, Polynetwork offered White Hat a job as “Chief Security Advisor.”

The identity of the hacker is not yet known. Also, it is not clear whether Mr. Whitehat is a single individual or a group of attackers.

In a statement, the company sincerely invited White Hat as Chief Security Advisor to Polynetwork to thank and encourage him to continue contributing to security advances in the blockchain world with Polynetwork. I will do it. ” “Once again, Polynetwork does not intend to hold WhiteHut legally liable because he is confident that he will quickly return full control of his assets to Polynetwork and its users. . ”

Meanwhile, PolyNetwork is still struggling to get all the money back for its clients. After returning half of the network’s assets, the hacker deposited the remaining approximately $ 235 million into a joint account protected by the two keys needed to unlock the funds. One of the keys was passed to PolyNetwork and the hacker held the other.

Polynetwork has begged Mr. Whitehat to submit his key and has been able to access the funds ever since. Despite jobs and other offers that allow hackers to hold $ 500,000 in funding, hackers haven’t done so yet.

Hacker behavior has puzzled experts who have been trying to track funds since they were first stolen.

“There was a lot of DeFi hacking, but there was no ongoing conversation between the hacker and the project,” said blockchain forensic company Elliptic Enterprises Ltd. Co-founder Tom Robinson said in an interview. “The hacker seems to want some control over his money. I feel like the hacker has a little ego. He wants to keep his attention.”

Cryptocurrency research company Chainalysis Inc. Researchers speculated that PolyNetwork’s stance could be a tactical decision aimed at regaining all funding by giving Whitehat money, praise, and titles.

“Perhaps PolyNetwork is implying confidence in attackers in an attempt to convince them to do the right thing, return funds as soon as possible and start the process of resuming business,” said the Global Public. Gurvais Grigg, Chief Technology Officer of the division, said. With a text message of chain analysis.

“We still don’t know how this strange story unfolds, but it’s not typical of a true white hat hacker. The good news is that the blockchain is transparent and the blockchain is transparent. We are looking at funding with the crypto community. “

DeFi apps, which allow you to lend, borrow, and exchange coins without the use of intermediaries, have become a frequent target of attacks these days as they become more popular. According to crypto security firm CipherTrace Inc, DeFi hacks have deducted approximately $ 156 million in the first five months of this year, more than $ 129 million stolen by such attacks throughout 2020.

(Except for the headline, this story has not been edited by NDTV staff and is published from the Syndicate Feed.)

Victims of Major Decentralized Finance (DeFi) Cyber ​​Attacks Provide Jobs to Hackers

Source link Victims of Major Decentralized Finance (DeFi) Cyber ​​Attacks Provide Jobs to Hackers

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