A trader in the crypto market and a follower of it surely passed by and caught his attention, the “Poly Network” project of $600 million was hacked.

The incident added some vitality and attention to a slow week in the cryptocurrency world.

In case you haven’t been exposed and informed of what happened, here’s a summary of what happened:

The party kicked off last Tuesday with news of the biggest hack in cryptocurrency history.

A few days later, the incident concluded with the hacker returning the cryptocurrency he had stolen from the Poly Network, a project that facilitates transfers between different blockchain networks.

Theft looks like any other theft at first, but it turned into something strange that the crypto community had never seen before.

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Where the thief gave advice to people on the Internet about ways and methods of protection.

While the “Poly Network” project team posted a message to the thief saying:

Dear hacker We ask you to return the money.

Then there was the Ask Me Anything session, where the hacker answered most questions from the audience and wrote in choppy English, sharing his thoughts on blockchain hacking and how it has become a hot topic.

He also asked his audience with a question:

Ask yourself what to do if you experience too much wealth.

The extra weird part came amid speculation that the hack was carried out by a white hat hacker – or possibly someone inside the project – seeking to teach Poly Network a lesson about bad security practices.

In response, the company offered the hacker a $500,000 reward.

But the hacker refused the reward.

to hang Matt Levine from Bloomberg said:

Crypto pirates are very cute now.

While others questioned and argued that the hacker returned the funds to the difficulty of moving them, especially in light of their inclusion in the black addresses by the various trading platforms and crypto destinations.

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Currently, the true intention of what the hacker did is not known, but in general some lessons can be drawn about the hacking process:

Lessons learned from the “Poly Network” hack:

Or not: Cyber ​​security remains important to any crypto venture, and those who do not take it seriously face serious consequences.

secondly: The cryptocurrency industry has become much more resilient to a major hack than in the past.

This is reflected in the swift efforts by Tether and others to prevent the transfer of stolen funds, and in the fact that news of the attack had little impact on the price of Bitcoin and Ethereum.

Which is quite different from the Mt.Gox hack in 2014, which affected and destroyed the bitcoin price for months and threw the crypto industry into chaos.

last lesson The takeaway from the Poly Network heist is that the crypto world is still a strange, weird, and even idiotic place.

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Even as it grows into a multi-trillion dollar industry, cryptocurrency still moves through hacks, hustle, and eccentricities.

In this context, it is likely that “Dear Hacker” His place is alongside the likes of “Bitcoin Pizza” boy, “Dorian Nakamoto” and that person who is marketing the blatant scam project “Bitconnnnnnect” and countless strange characters who make the crypto market something interesting, and with endless news we try to keep up with the most important of them in Arab Bitcoin.

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