White Hacker rewarded with $500K bug bounty for returning millions in hacked cryptocurrency

White Hacker returns millions in cryptocurrency hacked from Poly Network last week. The company has decided to offer the hacker a $500K bug bounty. The white hat hacker had stated that he/she had initiated the hack for fun—and was motivated to demonstrate a vulnerability in the company’s software. Some companies are offering bug bounties to help identify problems with the systems. The hacker seemed to have used a weakness in the digital contracts that Poly Networked needed to move assets between customer blockchains. https://www.reuters.com/technology/crypto-platform-poly-network-rewards-hacker-with-500000-bug-bounty-2021-08-13/