Crypto exchange Poloniex has experienced a significant security breach, resulting in the theft of approximately $125 million from its hot wallets. The attack, initially detected by blockchain analytics firm PeckShield, saw hackers make off with $56 million in ETH, $48 million in TRON (TRX), and $18 million in Bitcoin. Following PeckShield’s report, Poloniex disabled its wallets for maintenance. However, Tron founder Justin Sun confirmed the breach on Twitter and assured affected users that the exchange would fully reimburse them. In an effort to recover the stolen funds, Poloniex is offering hackers a 5% ‘white hat’ bounty. Interestingly, the hacker made a costly mistake, accidentally sending Golem tokens to the token’s smart contract and losing access to the funds. This incident marks the second security breach for a Sun-owned exchange, with HTX (previously Huobi) losing around $8 million in Ether to hackers in September. However, the hacker returned the stolen funds and received a 250 ETH “whitehat bonus” shortly after.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	1
People	None, Justin Sun
Companies	Tron, Bitcoin, PeckShield, Poloniex, Arkham data, HTX (previously Huobi), Golem
Currencies	TRON, Bitcoin, Ethereum, Golem
Securities	None