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 <p>According to reports, Poloniex, a crypto exchange founded by Tron’s Justin Sun, has been hacked for over $100 million. The hack was brought to light by crypto security firms PeckShield and Cyvers. The security firms flagged the possible hack at around 10:55 UTC.</p>
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    <p lang="en" dir="ltr">JUST IN: Tron <a rel="noopener noreferrer nofollow" title="founder" href="https://thebittimes.com/tag/founder.html">founder</a> Justin Sun's crypto exchange Poloniex hacked for over $100 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>.</p>— Watcher.Guru (@WatcherGuru) November 10, 2023
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 <p>The firm’s customer service arm took to X (formerly known as Twitter) and said that their <strong>‘wallet has been disabled for maintenance.’</strong> The platform said it would inform the community when the wallet is online. However, there has been no update from the exchange since.</p>
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 <p><strong>Also Read: Binance To Halt Russian Ruble Deposits From November 15, 2023</strong></p>
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    <p lang="en" dir="ltr">Our wallet has been disabled for maintenance. We will update this thread once the wallet has been re-enabled.</p>— Poloniex Customer Support (@PoloSupport) November 10, 2023
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 <p>Tron founder and Poloniex backer Justin Sun also took to X and shared the development. Sun said they would offer a 5% white hat bounty to the Poloniex hacker if the funds are returned. Sun has offered the hacker a total of seven days to return the funds before engaging law enforcement.</p>
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    <p lang="en" dir="ltr">We are offering a 5% white hat bounty to the Poloniex hacker. Please return the funds to the following ETH/TRX/BTC wallets. We will give you 7 days to consider this offer before we engage law enforcement.<br>ETH Wallet: 0x176F3DAb24a159341c0509bB36B833E7fdd0a132 TRX:…</p>— H.E. Justin Sun 孙宇晨 (@justinsuntron) November 10, 2023
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 <h3 class="wp-block-heading" id="h-how-was-the-tron-founder-s-exchange-hacked">How was the Tron founder’s exchange hacked?</h3>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="683" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt class="wp-image-61205 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp.webp 300w, https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp.webp 768w, https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp.webp 380w, https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp.webp 550w, https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp.webp 800w, https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp.webp 1160w, https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp.webp 1200w" data-srcset-img="https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp 1024w, https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp 300w, https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp 768w, https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp 380w, https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp 550w, https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp 800w, https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp 1160w, https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp 1200w" data-eio="j">
  <noscript><img decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp" alt="" class="wp-image-61205" srcset="https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp 1024w, https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp 300w, https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp 768w, https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp 380w, https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp 550w, https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp 800w, https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp 1160w, https://cdn.thebittimes.com/images/2023/11/10/a34ebd52852f06c34a59e5301b409d45.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p>The hacker has reportedly targeted multiple wallets across various blockchains. According to Arkham, an Ethereum (ETH) wallet now labeled “Poloniex hacker,” sent $114 million worth of tokens&nbsp;from the exchange over 357 transactions. Another wallet on the Tron (TRX) blockchain sent $42 million worth of assets to various wallets.</p>
 <p>According to on-chain data, the hacker purchased $20 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> worth of&nbsp;TRX, which pushed the token’s price by over 25%.</p>
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 <p><strong>Also Read: Unibot Hacked: Vows Compensation Amid 20% Token Price Dip</strong></p>
 <p>However, we are not yet sure how a vulnerability was <a rel="noopener noreferrer nofollow" title="found" href="https://thebittimes.com/tag/found.html">found</a> and exploited. We may see more updates on how the hacker was able to get their hands on the hot wallet in due time. Nonetheless, exchanges being hacked are a common sight in the crypto space. Earlier this year, HTX was hacked for $8 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> worth of ETH. In April, the South Korean exchange Gdac lost $13 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>&nbsp;to an attack. Furthermore, last November, Deribit was hacked for $28 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/tron-founder-justin-sun-s-poloniex-hacked-for-over-100-million-tbt69846.html">https://thebittimes.com/tron-founder-justin-sun-s-poloniex-hacked-for-over-100-million-tbt69846.html</a></p>

Tron founder Justin Sun's Poloniex Hacked For Over $100 million

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