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.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| 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 |
