The developers of the Polygon network paid a white hat hacker $2 million to discover a bug that threatened to lose about $850 million.
The bounty program of the Polygon network has been in effect since the end of September. On October 5, cybersecurity specialist Gerhard Wagner discovered a vulnerability in the Plasma security system that could allow fraudsters to bypass the security mechanism and withdraw one declared amount up to 223 times. So, an initial deposit of $100 thousand could be withdrawn 223 times and get $22.3 million.
It took the Polygon team 30 minutes to verify Wagner’s information and fix the vulnerability.
According to Immunefi, this is the highest reward for a white hat hacker in the history of the world of decentralized finance (DeFi).
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
Startup Maps.me raised $50 million to create a DeFi system
The funds raised will be used to develop and launch a crypto wallet built into the application with the function of profitable farming.
The creators of the Arbix Finance platform committed an exit scam
The CertiK security audit series reported the DeFi exit scam of the Arbix Finance project.
