FUN FACT: The $600M Hack
🩵 FUN FACT: The $600M Hack
In August 2021, a hacker stole over $600M from Poly Network — the biggest DeFi hack ever at the time. They claimed the attack was meant to highlight Poly Network’s vulnerability while “safeguarding” the funds from more malicious attackers, rather than to keep the money.
Poly Network called the hacker “Mr. White Hat” and offered them a $500K bug bounty to return everything. The hacker said they wouldn’t be claiming the bounty.
Nearly all the funds were eventually returned, except for $33M in USDT that Tether had already frozen. Poly Network even reportedly gave the hacker immunity in writing.
🔥 @Wary