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 trade Poloniex has reportedly been hacked for over $100 million after its sizzling wallets had been compromised.
In accordance with information by on-chain information platform Lookonchain, the hacker has moved stolen belongings to wallets on Ethereum and Tron as they try and money out the loot.
Poloniex Hacker is promoting stolen belongings on #Ethereum for $ETH and stolen belongings on #Tron Community for $TRX.
Keep secure! #poloniexhackerhttps://t.co/RFi9PHpbyphttps://t.co/6BlwKUOHG5 pic.twitter.com/G6ETnc3Q1M
— Lookonchain (@lookonchain) November 10, 2023
Tron founder confirms hack, affords 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 research the hack incident. The bounty will stand for as much as 7 days earlier than regulation enforcement are concerned. On what occurs to impacted consumer funds, Solar mentioned the trade was in a wholesome monetary place and would reimburse all victims.
“Poloniex maintains a wholesome monetary place and can totally 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 totally 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 trade, Huobi, was drained of crypto belongings.