The Polynetwork Exploiter has recently attracted the attention of the crypto communities after successfully exploiting the Polynetwork and moving funds worth about $611m.
He has also kept up with the appearance by sending numerous messages over the Ethereum network explaining his motives and actually doing an AMA which quite frankly I’m not sure if it’s just outrightly ridiculous or legendary. Last we’ve heard about him/her/them is that most of the stolen funds have been returned. What hacker does that?
Certainly not the conventional black hat hacker! This one claims he’s not doing it for the money but for fun, he claims he was challenged and wanted to teach the Polynetwork team a lesson amongst other claims, he also outrightly stated that hacking cross chain protocol was “hot” hence the motivation to take it up.
What sort of hacker explains himself after conducting one of the greatest hacks in DeFi history as far as cryptocurrencies are concerned? What are the real motives behind his action?
This hacker also proved to have some human feelings in contrast to other Black hat hackers who steal people’s funds with no remorse! He claims that he understood that the money belonged to a community of people who’ll be hurt by the loss of funds! Again what black hat hacker considers the feeling of the community he stole from?! He also tipped the person who gave him a hint that the usdt in his address had been frozen up to $40k out of the stolen funds, are you kidding me now!
I can’t help but have a feeling that this hacker is somewhat connected to the hacker who attacked Thorchain twice in a roll, the Thorchain exploiter, who also claimed to have been able to take more than was stolen but decided not to...out of goodwill and also communicated his intentions through voice memos! You have to wonder if this fellow is on crack or something.
The Grey Hat Hacker
Certainly not a white hat hacker. Latest concerning this is that he was offered $500k as bounty reward from the Polynetwork team and has declined it but still gave the team instructions on how to make the protocol better. This hacker has proven himself to not be a White hat or Black hat but a Grey hat hacker who does these type of things only for fun and nothing else.
Per adventure the hack wasn’t such a comical one and was indeed handled by a Black hat hacker, the entire cryptosphere would have been singing a different song by now. But however, thanks to this dude, Polynetwork lives to see another day. We’ll see what happens next in the coming days.
Thanks for reading!
If you’re interested in reading the memos from the Hacker containing the AMA and other talks click the link below.
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Excuse me, what is the difference between a Green hat hacker and a White hat one?
White hat hackers use their skills to help protect against attacks. White hat hackers work to proactively find security weaknesses in order to fix them before they can be exploited by attacks and are compensated for their work.
Whereas a Green Hat hacker is otherwise a noob working to exploit the loop holes in protocols to learn and gain experience
A Grey Hat hacker is in between Black hat and White hat, works for fun, doesn’t necessarily want to help or cause harm.
I still have a feeling that he might be up to something but for his good deeds, I wish him well
As long as he’s not causing harm...he can continue to keep devs at the edge of their seats
Mad respect for people like that. There's far too few of them sadly and way to many corrupt greedy people who would cut and run.
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He’s mode of operation still baffles me and I’m sure it’s the same for most people. Now more people want to collaborate with him
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