Huobi Global: The behavior of pNetwork is not a so-called white hat operation, but a hacker stealing attack for the purpose of malicious profit

Huobi Global released the truth statement about the GALA incident. Huobi Global believes that pNetwork’s behavior is not a so-called white hat operation, but a hacker stealing attack for malicious profit. The white hat attack is just what the pNetwork team seeks to avoid legal sanctions Illegal excuse. The three reasons are as follows: 1. In the prior communication with the exchange, the pNetwork team never stated that it would attack the GALA token vulnerability by issuing a large number of Tokens, and completely concealed its attack behavior from the exchange, and contacted the exchange. In the next 50 minutes, the contract loophole was used to issue 55.6 billion tokens to carry out the attack. During this period, the exchange was not given any reaction time. After the investigation, it was found that the vulnerability was caused by pNetwork engineers who mistakenly left the key in the contract 67 days ago, leaving hidden dangers for subsequent tragedies. 2. There is no evidence that anyone will use this vulnerability to attack, and the person who is eager to use this vulnerability to attack is pNetwork itself. During the attack process, pNetwork earned more than 4.5 million US dollars. At the same time, multiple associated addresses made premeditated operations of more than millions of US dollars, and the cumulative profit exceeded 10 million US dollars. This shows that the purpose of the attack is to make profits . 3. pNetwork argues that the additional issuance of up to 55.6 billion Tokens is only to obtain a liquidity pool worth about 400,000 US dollars. This reason is groundless. The pNetwork and GALA teams are very clear about the possible devastating impact of this operation. Why did they insist on issuing an additional 55.6 billion GALA to smash the market without giving the third party any reaction time, and the $400,000 liquidity pool funds in the pool also belong to users. pNetwork has no It can be seen that this move is just to fish in troubled waters and make profits, and to conduct hacking attacks under the guise of "white hat attack" to avoid legal sanctions. Huobi Global stated that it will take the lead in uniting and representing all damaged users on the platform, and cooperate with global partners to take all legal means including class action and reporting to investigate and criminally pursue pNetwork. The main manager should do his best in this incident Huobi Global is willing to give back through a $1 million bounty program and will no longer pursue its relevant legal responsibilities.