Token

Measurable Data Token

USDC

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    <p>A tragic turn of events for the Justin Sun-owned cryptocurrency exchange Poloniex transpired on Thursday, as the platform was hacked for over $100 million worth of cryptocurrencies. The hacker was able to make away with tens of millions worth of mainstream, highly liquid cryptocurrencies like USDT, bitcoin, ether, and USDC — but they also weren’t particularly picky in their choices, snagging dozens of low liquidity trash tokens as well.</p>
    <p>The hacker appears to have made off with nearly $40 million worth of stablecoins and nearly $30 million worth of bitcoin and ether. Whoever took the funds had about an hour to drain Poloniex wallets and made sure to take everything they could.</p>
    <p>Ultimately, many low <a rel="noopener noreferrer nofollow" title="liquid" href="https://thebittimes.com/tag/liquid.html">liquid</a>ity <a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a> were also taken. Some were even unable to be sold off because there was literally no one to sell to.</p>
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       <p lang="en" dir="ltr">He also tried selling $PYR(~$700k), and $MDT(~$120k), only to realize there is no liquidity on AMMs<br><br>Also, 200m $OX was stolen and frozen by $OPNX, however this probably doesn't make any difference. (Send it to 0.)https://t.co/3AqoUWdzmY</p>— DeFiac (@TheDEFIac) November 10, 2023
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    <p><em>Read more: Poloniex proof-of-reserves and WBTC backing missing</em></p>
    <p>In what can only be described as a stroke of luck, Vulcan Forged (the company that won The Next Crypto Gem reality TV show) and Measurable Data Token both had tons of <a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a> involved in the <a rel="noopener noreferrer nofollow" title="Hack" href="https://thebittimes.com/tag/hack.html">Hack</a> – but the <a rel="noopener noreferrer nofollow" title="Hack" href="https://thebittimes.com/tag/hack.html">Hack</a>er couldn’t sell them.</p>
    <p>Other low liquidity coins, like WIN, BTT, and SUN have seen prices take dramatic hits since the hack because the hacker was able to sell them off.</p>
    <h2 class="wp-block-heading" id="h-poloniex-offers-bounty-following-hack">Poloniex offers bounty following hack</h2>
    <p>In a short tweet thread, <a rel="noopener noreferrer nofollow" title="Poloniex" href="https://thebittimes.com/tag/poloniex.html">Poloniex</a> acknowledged that it had been <a rel="noopener noreferrer nofollow" title="Hack" href="https://thebittimes.com/tag/hack.html">Hack</a>ed and ensured that users would be reimbursed for any losses. A 5% white hat bounty was offered if the <a rel="noopener noreferrer nofollow" title="Hack" href="https://thebittimes.com/tag/hack.html">Hack</a>er chooses to give the almost $120 million worth of assets back. If the <a rel="noopener noreferrer nofollow" title="Hack" href="https://thebittimes.com/tag/hack.html">Hack</a>er takes <a rel="noopener noreferrer nofollow" title="Poloniex" href="https://thebittimes.com/tag/poloniex.html">Poloniex</a> and Sun up on the bounty, they’re looking at a roughly $6 million payday.</p>
    <p>Only a couple of months ago, Justin Sun’s other exchange, formerly known as Huobi and now called HTX, was also hacked for 5,000 ETH — far less than the ongoing Poloniex hack, but still a significant amount of user funds.</p>
    <p><em>Got a tip? Send us an email or ProtonMail. For more informed news, follow us on&nbsp;X,&nbsp;</em><em>Instagram</em><em>,&nbsp;</em><em>Bluesky</em><em>, and&nbsp;</em><em>Google News</em><em>, or subscribe to our&nbsp;</em><em>YouTube</em><em>&nbsp;channel.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/poloniex-hacked-all-my-low-liquidity-coins-gone-tbt69875.html">https://thebittimes.com/poloniex-hacked-all-my-low-liquidity-coins-gone-tbt69875.html</a></p>

Poloniex hacked — all my low liquidity coins gone

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