Poloniex, a cryptocurrency exchange, has identified the hacker responsible for stealing $120 million and is offering a $10 million reward for the return of the funds. The majority shareholder of Poloniex, Justin Sun, sent messages on the Ethereum network to the hacker’s addresses, warning them to return the stolen funds or face legal action. The company has engaged law enforcement agencies from China, Russia, and the U.S. to take action if the funds are not returned. The stolen funds have been marked for tracking and any financial counterparties receiving these assets will have their accounts frozen. The deadline for the return of the funds is November 25. Initially, Poloniex offered a 5% bounty on the stolen funds, but with no response from the attackers, the reward has been increased to $10 million. The hack occurred through a compromise of Poloniex’s hot wallet, resulting in the loss of various cryptocurrencies. Poloniex has assured affected users that it will cover the losses and plans to resume deposits and withdrawals in the coming week.

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Information	Details
Geography	Asia
Countries	🇨🇳
Sentiment	negative
Relevance Score	1
People	Justin Sun
Companies	China, U.S., Russia, PeckShield, Poloniex
Currencies	Bitcoin, Shiba Inu, TRON, XRP, Ethereum
Securities	None