'Too Weird Even for Crypto'—Lessons of the Poly Network Hack

in steemlinks •  3 years ago 

"This is too weird even for crypto," wrote one of my Decrypt colleagues on Slack this week. He was speaking, of course, about the $600 million Poly Network hack that livened up an otherwise slow week in crypto-land.

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In case you missed it, the episode began on Tuesday with news of the biggest hack in crypto's history and concluded days later with the hacker returning the Ethereum they stole back to Poly Network, a project that facilitates transfers between blockchains.

In between came the weird stuff. That including the hacker giving ether tips to random Internet people who helped him, and Poly Network posting a "Dear Hacker" letter asking for the money back. Then there was the on-chain AMA during which the hacker, typing in broken English, shared thoughts like "cross-chain hacking is hot" and "Ask yourself what to do had you facing so much fortune."

Read the full article from here- https://decrypt.co/78543/poly-network-hack-lessons?amp=1

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