- PeckShield revealed that there has been significant progress in tracking down the $100 million stolen from Poloniex.
- According to the post, the hacker has until 25 November to return the funds before police from multiple parts of the world are called in.
- The post also shared that the hacker is being offered a $10 million white hat reward to return the stolen funds.
The blockchain security and analytics company PeckShield shared in an X post today that there has been significant progress made in tracking down funds stolen from Poloniex through a hack. According to the post, there is also a $10 million white hat reward being offered to the hacker.
The post revealed that the identity of the hacker has been confirmed. Furthermore, police forces from China, the USA, and Russian have been involved. All of the funds stolen through the hack have been marked for tracking as well. Therefore, they can not be used.
The hacker has until 25 November 2023 to return the stolen funds. In exchange, the hacker will receive a $10 million white hat reward. If the funds are not returned by this deadline, then police forces from multiple countries will take action, according to the post.
Poloniex suffered a major blow on 10 November 2023 when a security breach led to $100 million stolen from the exchange platform. Shortly thereafter, the Poloniex team disabled the wallet once they discovered the suspicious outflows. The blockchain security firm CertiK stated that the hack was likely the result of a “private key compromise”.
The suspicious transfers were initially flagged by PeckShield, and revealed that there were a series of transfers from the “Poloniex 4” wallet to the hacker’s wallet. These transactions saw Ethereum (ETH), Tron (TRX), Tether (USDT), TrueUSD (TUSD), Pepe (PEPE), FLOKI, and Shiba Inu (SHIB) sent from the exchange to the hacker’s wallet.
Meanwhile, CoinMarketCap showed that TRX’s price dropped 1.42% over the past 24 hours. Consequently, the altcoin was trading hands at $0.1023 at press time. This latest drop in price was also a continuation of TRX’s poor weekly performance, which stood at -3.36%.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
