Poloniex, Justin Sun’s $60 million crypto cex hack

Issues for Poloniex

Crypto exchange Poloniexowned by the founder Throne, Justin Sunsuffered a hack that appears to have been compromised at least 60 million dollars (some say figures in excess of 100 million), released from one of his wallets after a malicious “accident”.

The analysis and protection company was the first to respond Peckshieldand through explorer Etherscan it can be very well verified that a series of transfers to ETH, TRON, USDT, TUSD, PEPE, FLOKI and SHIB were made from the “Poloniex 4” wallet to the relevant address of the hacker.

Poloniex’s help has so far been limited to communication disabling the wallet “for maintenance”, but assured that it will be repaired as soon as possible.

Justin Sun also spoke about the case, stressing that CEX is currently “investigating the incident”. According to the founders, Poloniex would continue to maintain a “solid financial position” as well as the funds involved should be fully compensated. Furthermore, precisely to facilitate this recovery maneuver, the exchange cooperates with other CEXs.

In all likelihood, the hack was intended to affect the wallet private keys in question, after using a malwarebut the official accounts of Poloniex have not yet responded on the merits of the question.

It is interesting, among other things, to note how much of the used funds (about 22 million dollars) converted to TRXthe original token of the Tron blockchain, making the token gain about 10% in just a few hours.

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