š The $600 Million Poly Network Hack ā And the Hacker Who Gave It Back
In August 2021, the decentralized finance (DeFi) protocol Poly Network was hacked for over $600 million in crypto assets ā the largest DeFi exploit in history at the time.
š§āš» The hacker exploited a vulnerability in Poly Networkās smart contracts to drain funds from Ethereum, BNB Chain, and Polygon. The crypto world watched in disbelief as massive transactions appeared on-chain.
šŖ But the twist? Within days, the attacker began returning the funds ā bit by bit ā claiming they did it āfor funā and to āexpose vulnerabilities.ā
š The hacker, dubbed āMr. White Hat,ā was even offered a $500,000 bounty and a job by Poly Network (which they refused).
š¬ The event raised serious questions about DeFi security, ethics in hacking, and how the community handles gray-hat attackers.
š·ļø
#PolyNetwork #DeFiHack #WhiteHatHacker #CryptoSecurity #Crypto2025