Poloniex confirms hackers identity, offers $10M white hat reward to return stolen funds
CryptoSlate
19 Nov 2023 11:09 AM
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.
You May Ask
What was the amount stolen in the Poloniex hack?What is the deadline for the hacker to return the funds voluntarily?Which cryptocurrencies were affected by the hack?What actions has Poloniex taken to recover the stolen funds?How much was the initial bounty offered by Poloniex, and how much has it been increased to?