Poloniex has been hacked, with over $100 million in crypto stolen.
Tron founder Justin Solar confirmed the hack, noting a 5% white hat bounty for the hacker.
Cryptocurrency alternate Poloniex has reportedly been hacked for over $100 million after its scorching wallets had been compromised.
Based on knowledge by on-chain knowledge platform Lookonchain, the hacker has moved stolen property to wallets on Ethereum and Tron as they try and money out the loot.
Poloniex Hacker is promoting stolen property on #Ethereum for $ETH and stolen property on #Tron Community for $TRX.
Keep protected! #poloniexhackerhttps://t.co/RFi9PHpbyphttps://t.co/6BlwKUOHG5 pic.twitter.com/G6ETnc3Q1M
— Lookonchain (@lookonchain) November 10, 2023
Tron founder confirms hack, gives 5% bounty
Tron founder Justin Solar confirmed the hack in a put up on X, including that the platform was providing a 5% white hat bounty to the hacker.
Solar additionally mentioned blockchain safety platforms had been serving to to analyze the hack incident. The bounty will stand for as much as 7 days earlier than legislation enforcement are concerned. On what occurs to impacted consumer funds, Solar mentioned the alternate was in a wholesome monetary place and would reimburse all victims.
“Poloniex maintains a wholesome monetary place and can absolutely reimburse the affected funds. Moreover, we’re exploring alternatives for collaboration with different exchanges to facilitate the restoration of those funds,” he famous.
We’re at present investigating the Poloniex hack incident. Poloniex maintains a wholesome monetary place and can absolutely reimburse the affected funds. Moreover, we’re exploring alternatives for collaboration with different exchanges to facilitate the restoration of those funds.
— H.E. Justin Solar 孙宇晨 (@justinsuntron) November 10, 2023
The assault on Poloniex comes lower than two months after one other Justin Solar crypto alternate, Huobi, was drained of crypto property.
