<p class="is-style-lead">Poloniex investor Justin Sun has confirmed the attack, saying the exchange “will fully reimburse the affected funds.”</p><p>Crypto exchange Poloniex appears to be the latest trading platform to suffer a hack, resulting in a loss of more than $33 million worth of crypto.</p><p>According to <a href="https://x.com/peckshield/status/1722931275764474329?s=20" rel="noopener noreferrer nofollow">analysts</a> at PeckShield, the hackers drained millions of dollars from one of the exchange’s hot wallet. Research analyst at 21co Tom Wan <a href="https://x.com/tomwanhh/status/1722940659114668511?s=20" rel="noopener noreferrer nofollow">said in an X post</a> that currently estimated loss is at $34 million.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet"><p>A <a href="https://twitter.com/DuneAnalytics?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@DuneAnalytics</a> query ready for you to track how much the Potential hacker got from Poloniex<br><br>Currently estimated loss at ~$34M, including:<br>– $10M ETH<br>– $2.56M GLM<br>– $2.4M LINK<br><br>and more <a href="https://t.co/judOiLzv4q" rel="noopener noreferrer nofollow">https://t.co/judOiLzv4q</a><a href="https://t.co/gcB4eofdwB" rel="noopener noreferrer nofollow">pic.twitter.com/gcB4eofdwB</a></p>— Tom Wan (@tomwanhh) <a href="https://twitter.com/tomwanhh/status/1722940659114668511?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 10, 2023</a></blockquote></div></figure><p>Poloniex investor Justin Sun <a href="https://x.com/justinsuntron/status/1722942733680296246?s=20" rel="noopener noreferrer nofollow">has confirmed</a> the incident, but did not elaborate on the matter. He reassured customers that the exchange “maintains a healthy financial position and will fully reimburse the affected funds.”</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet"><p>We are currently investigating the Poloniex hack incident. Poloniex maintains a healthy financial position and will fully reimburse the affected funds. Additionally, we are exploring opportunities for collaboration with other exchanges to facilitate the recovery of these funds.</p>— H.E. Justin Sun 孙宇晨 (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1722942733680296246?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 10, 2023</a></blockquote></div></figure><p>The OPNX crypto exchange said in an X post it had frozen all the OX tokens stolen from Poloniex (197.7 million OX, which represents over 5% of the token’s total supply).</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet"><p>After the Poloniex exploit tonight and subsequent transfer of exchange tokens to the hacker wallet — we can confirm that the entirety of the hackers <a href="https://twitter.com/search?q=%24OX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$OX</a> (197,756,563 <a href="https://twitter.com/search?q=%24OX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$OX</a>) were immediately frozen and cannot be transferred or sold.<br><br>The address:<a href="https://t.co/5MY4LNKtbu" rel="noopener noreferrer nofollow">https://t.co/5MY4LNKtbu</a></p>— 🐂 OPNX (Open Exchange) (@OPNX_Official) <a href="https://twitter.com/OPNX_Official/status/1722943543264817167?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 10, 2023</a></blockquote></div></figure><p>Poloniex’s official X account said that one of its wallets “has been disabled for maintenance,” without revealing details on the matter.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet"><p>Have you ever lost $2.5mil because of copy paste mistake?<br><br>Because this hacker just did!<br><br>Not a long time ago, A hacker managed to exploit <a href="https://twitter.com/hashtag/Poloniex?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Poloniex</a> and still millions of dollars out of this CEX.<br><br>Shortly after, he tried to move the funds and send $2.5mil to his wallet. The only… <a href="https://t.co/ZV4Fha8p7k" rel="noopener noreferrer nofollow">pic.twitter.com/ZV4Fha8p7k</a></p>— OverDose (@Overdose_AI) <a href="https://twitter.com/Overdose_AI/status/1722948514211402215?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 10, 2023</a></blockquote></div></figure><p>An X user @Overdose_AI noticed that the hackers seemingly have already lost around $2.5 million by mistakenly sending GLM tokens to a smart contract address instead of a personal wallet.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet"><p>Poloniex Hacker is selling stolen assets on <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> for <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> and stolen assets on <a href="https://twitter.com/hashtag/Tron?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Tron</a> Network for <a href="https://twitter.com/search?q=%24TRX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$TRX</a>.<br><br>Stay safe! <a href="https://twitter.com/hashtag/poloniexhacker?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#poloniexhacker</a><a href="https://t.co/RFi9PHpbyp" rel="noopener noreferrer nofollow">https://t.co/RFi9PHpbyp</a><a href="https://t.co/6BlwKUOHG5" rel="noopener noreferrer nofollow">https://t.co/6BlwKUOHG5</a><a href="https://t.co/G6ETnc3Q1M" rel="noopener noreferrer nofollow">pic.twitter.com/G6ETnc3Q1M</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1722950436163064300?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 10, 2023</a></blockquote></div></figure><p>Analysts at Lookonchain claim the hackers are also trying to launder the stolen funds on Ethereum for <a href="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a> and TRON for TRX.</p><p>This is not the first time Poloniex suffers a hacker attack. Back in 2014, the exchange <a href="https://bitcointalk.org/index.php?topic=499580" rel="noopener noreferrer nofollow">lost</a> more than 12% of its Bitcoin (<a href="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) reserves due to a vulnerability in its code base.</p><p>Read more: <a href="https://crypto.news/poloniex-settles-sanctions-violations-allegations-for-7-59m/" rel="noopener noreferrer nofollow"> Poloniex settles sanctions violations allegations for $7.59m </a></p>

Poloniex hot wallet hacked with losses reportedly over $33m

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