Cryptocurrency exchange Poloniex suffered a breach in which various crypto assets worth approximately $63 million were stolen from its hot wallet. While details are scarce at the moment and Poloniex has not made an official statement, the exchange has stated that its wallet has been disabled for maintenance and will be updated once it is enabled again. 😮
The incident was first pointed out by blockchain expert PeckShield and later confirmed by CertiK. Initial investigations show that over $63 million worth of crypto assets have been purchased and outflows are continuing. 🔍
Tron founder Justin Sun purchased the exchange in 2019 and confirmed the hack. He also said that the stolen funds would be compensated: "We are currently investigating the Poloniex hack. Poloniex remains in a healthy financial position and will fully compensate the funds affected. We are also exploring opportunities for cooperation with other exchanges to facilitate the recovery of these funds."
Meanwhile, Arkham Intelligence announced that it is establishing and funding a bounty to help identify the person or organization behind the exploitation.
The incident was first pointed out by blockchain expert PeckShield and later confirmed by CertiK. Initial investigations show that over $63 million worth of crypto assets have been purchased and outflows are continuing. 🔍
Tron founder Justin Sun purchased the exchange in 2019 and confirmed the hack. He also said that the stolen funds would be compensated: "We are currently investigating the Poloniex hack. Poloniex remains in a healthy financial position and will fully compensate the funds affected. We are also exploring opportunities for cooperation with other exchanges to facilitate the recovery of these funds."
Meanwhile, Arkham Intelligence announced that it is establishing and funding a bounty to help identify the person or organization behind the exploitation.