Poloniex Cryptocurrency Exchange Hack: $114 Million Stolen – Justin Sun Offers Reward

2023-11-10 16:17:47

The hot wallets of the Poloniex cryptocurrency exchange, which was acquired by Tron founder Justin Sun, were emptied by hackers: about 114 million dollars worth of digital assets were stolen. Justin Sun confirmed the incident, as well as saying that he would compensate those affected, and offered the hacker a “white hat cash reward” if he returned the cryptocurrencies. Blockchain companies PeckShield and Cyvers reported the theft to the company, which announced a few minutes later that the exchange’s wallet was down for maintenance. We are offering a 5% white hat bounty to the Poloniex hacker. Please return the funds to the following ETH/TRX/BTC wallets. We will give you 7 days to consider this offer before we engage law enforcement.ETH Wallet: 0x176F3DAb24a159341c0509bB36B833E7fdd0a132 TRX:… — HE Justin Sun 孙宇晨 (@justinsuntron) November 10, 2023 It appears that the hacker (or hackers) took several different wallets. to the goal. According to Arkham’s data, $114 million was transferred from the exchange through 357 transactions, and $42 million worth of cryptocurrency was sent from another wallet. According to blockchain data, the hacker bought $20 million worth of TRX, causing the token’s price to jump 25%. According to a report from Nansen, a blockchain analytics firm, Poloniex has only 175 tokens left in its wallet, worth a total of $10,000. Poloniex is one of the oldest crypto exchanges, founded in 2013. First, Circle bought the company in 2018, and a year later Justin Sun bought the company. The exchange’s 24-hour trading volume was $616 million, compared to Binance’s $19.3 billion. By the way, crypto exchanges are particularly common targets for hackers. Two months ago, HTX was hacked and a total of $8 million worth of ETH was stolen; the South Korean Gdac exchange lost $13 million in April, and the Deribit platform lost $28 million last November.

#Poloniex #robbed #million

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