Poloniex, a cryptocurrency exchange, appears to have experienced a security breach, resulting in the drainage of around $63 million in various cryptocurrencies from its hot wallet. While official details are scarce as Poloniex has yet to issue a statement, the exchange has disabled its wallet for maintenance and will provide updates upon re-enabling.
The breach was initially brought to attention by blockchain expert PeckShield and later confirmed by CertiK, which identified suspicious fund movements from Poloniex’s hot wallet number 4. Preliminary investigations into the receiving addresses indicate ongoing outflows of over $63 million in cryptocurrency assets.
Tron founder Justin Sun, who acquired Poloniex in 2019, acknowledged the hack and assured that the stolen funds would be fully reimbursed.
Sun stated, “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.”
In response to the breach, Arkham Intelligence has announced the creation and funding of a bounty to assist in identifying the individual or group responsible for the exploit.
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