How Big Bounty Hunter Got Reward By Polygon Network

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Few days ago, Polygon Network (MATIC) announced it has fixed a critical bug that might have caused the network to loose over 20 Billion Dollars if not fixed .
The bug was noticed in POS Genesis Polygon contract, Which led to team rush to fixed the bug couple of days later.
The Program bug was noticed by a group of white hat hackers who notified a bug bounty platform known as Immunefi of the risk in POS Genesis contract. Immunefi is a platform that host bug bounty for several defi programs.
$2 million dollars worth of token was given the the white hat hackers as a form of appreciation.

Despite all the effort to secure the network from black hat hackers, on December 4th 2021 over $ 2 million was stolen, that is about 801,601 MATIC tokens before the fix was completed. Polygon Network kept this as a secrete earlier December last 2021, the information about the vulnerability was later revealed to the public on 29th of December after the the team had secured the network from hacker through initiating a hardfork across the Polygon network validators at block #22156660.

In the year 2022, over 7 billion dollars was stolen by scammers and hackers from crypto investors. The most common form of crypto scam is rug pull. Hackers began to hack into upcoming projects wallets to steel funds, which some were successful and some were not.

Last year lost over $500 worth of tokens to scammers who built a website for token airdrop for gaining access to peoples wallet like Trustwallet and Metamask. It was a painful experience then, but I've learnt my lesson that there is no free food anywhere.



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