Crypto entrepreneur Justin Sun has offered a 5% bounty to the hacker responsible for the recent theft of funds from Poloniex. The extent of the attack is still unclear, but it has been reported that $31 million worth of digital assets were moved from one of Poloniex’s hot wallets. The stolen funds were then transferred to multiple addresses and converted to Ethereum. The total losses for Poloniex are estimated to be over $100 million. Interestingly, the hacker used some of the stolen funds to pump the value of Tron’s native token, TRX. As a result, TRX saw a significant increase in value. Despite the incident, Poloniex has assured users that they will be fully reimbursed for their losses. The company is also exploring collaborations with other exchanges to recover the stolen funds. Justin Sun has urged the hacker to transfer the funds to wallets controlled by the platform or face legal consequences.

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Information	Details
Geography	Global
Countries
Sentiment	negative
Relevance Score	1
People	Justin Sun
Companies	Scopescan, CertiK, Voyager, Tron, Poloniex
Currencies	Polygon, Voyager VGX, Aave, TrueUSD, Chainlink, Pepe, TRON
Securities	None