Poloniex confirms hackers identity, offers $10M white hat reward to return stolen funds
Poloniex has officially identified the hacker responsible for stealing $120 million from the exchange on Nov. 10 and offered a $10 million white reward if the funds are returned by Nov. 25, according to on-chain data shared by blockchain security firm PeckShield. Justin Sun, Poloniex’s majority shareholder, sent blockchain messages on the Ethereum network to […]...
- Poloniex has identified the hacker responsible for stealing $120 million from the exchange on Nov. 10.
- The exchange has offered a $10 million white hat reward if the funds are returned by Nov. 25.
- Poloniex has engaged law enforcement agencies from China, Russia, and the U.S. to take legal action if the funds are not returned.
- Stolen funds have been identified and marked for tracking, rendering them unusable.
- Poloniex initially offered a 5% bounty on the stolen funds, which has now been increased to $10 million.
The article highlights Poloniex's efforts to identify the hacker and recover the stolen funds. The exchange is taking a strong stance against the hack, engaging law enforcement and offering a significant reward. Overall, the sentiment is focused on the actions taken by Poloniex to address the situation.