Justin Sun’s cryptocurrency exchange, Poloniex, has identified the hackers responsible for a recent hack that resulted in the loss of $120 million. The exchange has offered the hackers a $10 million reward if they return the stolen funds by November 25th. Justin Sun, the majority shareholder in Poloniex, confirmed the identification of the hackers and stated that law enforcement officials from China, the United States, and Russia are involved in the ongoing operation. Sun has been communicating with the hackers through blockchain messages, warning them of legal action and informing them that the stolen funds are being tracked. If the hackers fail to return the funds by the deadline, Poloniex has stated that they will face legal consequences. The hack was a result of a compromised hot wallet, allowing the hackers to steal various digital assets. Poloniex has assured its users that it will cover the losses and is in the process of restoring the functionality of the exchange. This hack is the second-largest in the crypto space in 2023, with cryptocurrency exchanges becoming popular targets for hackers.

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Information	Details
Geography	Asia
Countries	🇨🇳 🇺🇸
Sentiment	neutral
Relevance Score	1
People	Justin Sun
Companies	Nansen, Poloniex, Russia, United States of America, China
Currencies	MetaTrace, Tether, Bitcoin, Ethereum, XRP
Securities	None