Poly Network offered $500,000 to identify vulnerabilities
Poly Network developers have announced the launch of a bounty program to search for bugs in the main functions of the protocol
The purpose of the program is to prevent the recurrence of exploits and eliminate possible vulnerabilities. Its launch is scheduled for August 17, and the scheme provides for the payment of up to $ 100,000 for each detected error with a total fund of $ 500,000.
On August 10, the Chinese inter-network protocol Poly Network was subjected to the largest attack in the history of the industry on the blockchains Ethereum, Binance Smart Chain and Polygon. The cumulative damage amounted to $611 million in various cryptocurrencies. Some of the stolen funds in USDT were blocked.
On August 11, the hacker announced his intention to return the funds.
He transferred to the project team all the stolen assets with the exception of $33 million in USDT, which Tether froze after the attack, and also refused the $500,000 offered by Poly Network.
Recall that on August 13, the protocol developers presented a roadmap for reimbursing funds to affected users.