Cryptocurrency

Arkham

<div class="finbold">
 <p class="paragraph">The <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency market faces a new multi-<a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>aire criminal event on November 10. On this Friday, more than $117 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> was reportedly <a rel="noopener noreferrer nofollow" title="stolen" href="https://thebittimes.com/tag/stolen.html">stolen</a> from Poloniex, a centralized <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a> owned by Justin Sun, <a rel="noopener noreferrer nofollow" title="founder" href="https://thebittimes.com/tag/founder.html">founder</a> of Tron (TRX).</p>
 <div></div>
 <p class="paragraph">Justin Sun commented on X at 11:42 am UTC about the hack incident:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“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> <cite>— Justin Sun (@justinsuntron)&nbsp;</cite>
 </blockquote>
 <p class="paragraph">So far, 107 cryptocurrencies have been stolen for amounts superior to $10,000 each, out of the $117.20 million identified by <em>Arkham Intelligence</em>, at the time of publication.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="556" src="https://cdn.thebittimes.com/images/2023/11/10/228f0d65a194a531cbaccdb594382332.webp" alt="Ponoliex hacker address." class="wp-image-136707" srcset="https://cdn.thebittimes.com/images/2023/11/10/228f0d65a194a531cbaccdb594382332.webp 1024w, https://cdn.thebittimes.com/images/2023/11/10/228f0d65a194a531cbaccdb594382332.webp 300w, https://cdn.thebittimes.com/images/2023/11/10/228f0d65a194a531cbaccdb594382332.webp 768w, https://cdn.thebittimes.com/images/2023/11/10/228f0d65a194a531cbaccdb594382332.webp 1270w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Ponoliex hacker address. Source: <em>Arkham Intelligence</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-what-cryptocurrencies-were-stolen-by-the-poloniex-hacker">What cryptocurrencies were stolen by the Poloniex Hacker?</h2>
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 <p class="paragraph">Notably, the highest <a rel="noopener noreferrer nofollow" title="stolen" href="https://thebittimes.com/tag/stolen.html">stolen</a> amounts by the “Poloniex Hacker” were:</p>
 <ul>
  <li>Ethereum (ETH): 16,147 ETH ($33.62 million);</li>
  <li>Tron (TRX): 288.44 million TRX ($30.61 million);</li>
  <li>Bitcoin (BTC): 501.62 BTC ($18.55 million);</li>
  <li>Wrapped BTC (WBTC): 364.29 WBTC ($13.28 million).</li>
 </ul>
 <p class="paragraph">However, Justin Sun’s exchange also lost meaningful amounts of OX, TUSD, WETH, FLOKI, DYDX, AKITA, PEPE, BAT, TON. AAVE, JST, LOOM, UNI, TONCOIN, INJ, MATIC, SNX, SAND, GNO, SAITAMA, MKR, LDO, DAI, FRAX, SNT, GRT, GALA, POLY, RIO, KISHU, BAND, JESUS, MVL, GROK, FTT, STPT, RNDR, CHR, YFI, CAW, IMX, POLS, MDT, BID, DXT, KNC, BAD, CLV, SUSHI and CRO.</p>
 <p class="paragraph">Essentially, each of the above-mentioned cryptocurrencies had more than $100,000 worth of tokens stolen. The list of the total assets in the hand of the Poloniex Hacker is even higher and could further increase as investigations are still happening.</p>
 <p class="paragraph">It is expected that other exchanges unite in an attempt to prevent these funds from being dumped. Nevertheless, the effects of such a massive hacking event are yet to be discovered. Particularly, this event could trigger a bearish trend reversal for the affected digital assets.</p>
 <p class="paragraph"></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/over-100-million-stolen-from-tron-founder-justin-sun-s-poloniex-crypto-exchange-tbt69844.html">https://thebittimes.com/over-100-million-stolen-from-tron-founder-justin-sun-s-poloniex-crypto-exchange-tbt69844.html</a></p>

Over $100 million stolen from Tron founder Justin Sun’s Poloniex crypto exchange

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