Hackers have stolen $114 million from cryptocurrency exchange Poloniex, after its \u201chot wallets\u201d were drained by cyber-criminals. Poloniex investor Justin Sun posted on X that the company was investigating the hack incident.<\/p>\n\n\n\n
\u201cPoloniex maintains a healthy financial position and will fully reimburse the affected funds. Additionally, we are exploring opportunities for collaboration with other exchanges to facilitate the recovery of these funds,\u201d Sun posted.<\/p>\n\n\n\n
Various wallets across multiple blockchains appear to have been targeted, reports CoinDesk. Arkham data shows that an Ethereum wallet, now tagged as “Poloniex hacker,” sent a total of $114 million worth of tokens from Poloniex in 357 transactions.<\/p>\n\n\n\n
A wallet on the Tron blockchain also sent around $42 million to various wallets.<\/p>\n\n\n\n
Poloniex is one of the longest-running crypto exchanges. It was acquired by Circle in 2018 and later spun off to several investors, including Sun.<\/p>\n\n\n\n
The crypto exchange has facilitated $616 million worth of trading volume over the past 24 hours, according to CoinMarketCap. On-chain data also showed the Poloniex hacker bought $20 million worth of tron (TRX), pushing the token’s price up by more than 25 per cent.<\/p>\n\n\n\n
Blockchain analytics company Nansen reported that there were just 175 tokens left in Poloniex’s wallet, worth a total of $10,000.<\/p>\n\n\n\n
Sun added that the crypto exchange is offering a 5 per cent white hat bounty to the hacker with a deadline of seven days before engaging with law enforcement.<\/p>\n\n\n\n
The company “successfully identified and froze a portion of the assets associated with the hacker’s addresses. At present, the losses are within manageable limits, and Poloniex’s operating revenue can cover these losses,” Sun posted.<\/p>\n","protected":false},"excerpt":{"rendered":"
Hackers have stolen $114 million from cryptocurrency exchange Poloniex, after its \u201chot wallets\u201d were drained by cyber-criminals. Poloniex investor Justin Sun posted on X that the company was investigating the hack incident. \u201cPoloniex maintains a healthy financial position and will fully reimburse the affected funds. Additionally, we are exploring opportunities for collaboration with other exchanges […]<\/p>\n","protected":false},"author":1,"featured_media":388586,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[688],"tags":[],"class_list":["post-388585","post","type-post","status-publish","format-standard","has-post-thumbnail","category-infotainment"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/388585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=388585"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/388585\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media\/388586"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=388585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=388585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=388585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}