Poloniex Confirms Hacker’s Identity, Offers $10M Bounty


20 Nov 2023 11:59 AM

Poloniex, a cryptocurrency exchange, recently identified the individual responsible for over $100M hack from its platform and offered a $10 million bounty...

  • Poloniex, a cryptocurrency exchange, has identified the individual responsible for a $100M hack and offered a $10 million bounty to return the stolen assets.
  • PeckShield, a blockchain security firm, shared an on-chain message that shows Poloniex's communication with the hacker.
  • Poloniex claims to have verified the hacker's identity and is collaborating with law enforcement agencies from Russia, China, and the United States.
  • The stolen funds have been marked as unusable, but the exchange still offered the hacker a white hat reward.
  • If the funds are not returned by November 25, legal proceedings will be initiated.
  • Some community members are skeptical of the new development, questioning the need for involving multiple police forces and sending messages in multiple languages.
  • The hack occurred earlier this month, with over $100 million withdrawn from Poloniex's cryptocurrency wallet.
  • Poloniex temporarily turned off the wallet and extended a 5% bounty for the return of the funds.
  • Withdrawals resumed on November 15 after engaging a security auditing firm.

The sentiment of the article is mostly negative, as it discusses a significant hack and skepticism from community members. However, there is a positive aspect in the exchange's efforts to identify the hacker and offer a reward.

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You May Ask

What cryptocurrency exchange experienced a $100M hack?How much is the bounty offered by Poloniex to return the stolen assets?Which security firm shared an on-chain message about the hack?What measures did Poloniex take after the hack to enhance security?What will happen if the stolen funds are not returned by November 25?

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