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Crypto platform Poly Network rewards hacker with $500,000 ‘bug bounty’

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By Alun John and Tom Westbrook HONG KONG (Reuters) – Poly Network, the cryptocurrency platform which 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 – who 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 accept…

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