Ethereum

Uniswap

Polars

Read

Phantom

<div class="cryptonews">
 <p class="is-style-lead">In a Nov. 22 post from the cybersecurity firm Cyvers Alerts, it was reported that a suspicious address received $12.4 million from HTX exchange.</p>
 <p>At the same time, another address accumulated approximately $85 million from HECO Chain bridge, both linked to Justin Sun’s business ventures.</p>
 <p>Taken together, the alert suggests that Justin Sun’s Poloniex, a prominent <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency exchange, is now facing the results of a loss of more than $100 million in various <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies.</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" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">Code Red! (Ongoing)Our AI powered system has detected multiple suspicious transactions from @HECO_Chain bridge <br><br>Suspicious address has received around $85M. Suspicious address: https://t.co/JlMClIM7hg<br><br>First transaction is 10,145 $ETH from @HECO_Chain bridge to suspicious… pic.twitter.com/IwpqXvhCsU</p>— Cyvers Alerts (@CyversAlerts) November 22, 2023
   </blockquote>
  </div>
 </figure>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Polars (POL) Blockchain-Based Prediction Marketplace Launches on HECO Chain
 </div>
 <p>Additional data from&nbsp;Arkham Intelligence&nbsp;highlights that HECO Chain Bridge transferred a large number of Tokens to the empty address 0xFc146D1CaF6Ba1d1cE6dcB5b35dcBF895f50B0C4, including 42.11 million USDT, 10,000 ETH, 489 BTC and other assets exceeding US$84 million.</p>
 <p>USDT and BTC were transferred to DEX, such as Uniswap and 1inch, and converted to ETH and sent to new addresses, in what is the fourth <a rel="noopener noreferrer nofollow" title="recent" href="https://thebittimes.com/tag/recent.html">recent</a> theft of Justin Sun projects.</p>
 <p>Just under two weeks earlier, the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency exchange Poloniex suffered another attack on its hot wallets, which resulted in the loss of over $120 million in <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> assets across the Bitcoin, Ethereum and Tron networks.</p>
 <p>In response, Justin Sun took to&nbsp;Etherscan&nbsp;with the announcement of a white hat reward in the amount of $10 million for the return of the stolen funds.</p>
 <p>Unfortunately, being that is just one in a string of events, many investors are now being urged to proceed with caution for the ongoing code red.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Solana’s Phantom wallet rolls out cross-chain swapper to bring liquidity from Ethereum
 </div>
 <p></p> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/justin-sun-s-cryptocurrency-venture-loses-over-100m-in-recent-hack-tbt71238.html">https://thebittimes.com/justin-sun-s-cryptocurrency-venture-loses-over-100m-in-recent-hack-tbt71238.html</a></p>

Justin Sun’s cryptocurrency venture loses over $100m in recent hack

TheBitTimes

Другие статьи, опубликованные 22 нояб. 2023 г.

Bhutan’s Secret Bitcoin Operation: A Crypto Shangri-La Unveiled

Bitcoin Mining Pool F2Pool Under Scrutiny for Alleged Censorship of Transactions

Binance ‘willfully failed’ to report over 100k transactions linked to fraud and scams, U.S. Treas...

Appeals court rejects Sam Bankman-Fried’s bid for release

AI in HR Services: Paving the Way for a More Inclusive Labor Market

Security Breach Hits HECO Chain Bridge

Join our free newsletter for daily crypto updates!