In a message to the hacker who hacked the Poloniex exchange, Justin Sun said that the team had received confirmation of his identity and offered to return the stolen assets for a reward of $10 million.
Data: Etherscan.
According to the entrepreneur, “police forces” from China, the USA and Russia are already involved in the case..
If the attacker does not transfer the funds by November 25, law enforcement officers “from several countries will begin to act,” he threatened.
One user offered Sun help in identifying the attacker in exchange for a refund of 386 ETH lost in the $196 million Euler Finance DeFi protocol hack in March.
“The hacker is not from Russia or Poland,” he noted, hinting at the available data.
On November 10, Poloniex lost almost $125 million in cryptocurrencies as a result of an attack.. Then Sun reported “the successful identification and freezing of part of the assets associated with the hacker’s addresses.”. He gave the latter a week to return the stolen funds for a reward of 5% of the amount, which was approximately $6.25 million. Otherwise, Sun promised to contact law enforcement agencies.
He also said that the losses incurred by the exchange are within the limits that it can cover from operating income.
On November 17, the Poloniex team announced the resumption of deposits and withdrawals “next week”. According to the report, after the incident, a comprehensive update of the platform's wallet was carried out and several days were required for a “thorough security review.”
📢 #Poloniex deposit and withdrawal services are set to resume in the coming week after thorough security checks by our team.
🛡️For enhanced security, we've conducted a comprehensive wallet update. After service resumption, deposit addresses for all users will be updated.… pic.twitter.com/FXQMsH2XME
— Poloniex Exchange (@Poloniex) November 17, 2023
Sun, as part of a group of investors, acquired Poloniex in 2019 from Circle.
The founder of Tron is credited with control of another exchange, HTX (formerly Huobi).
Let us recall that in September the platform lost 5,000 ETH ($7.9 million at that time) as a result of a hot wallet attack.. About two weeks later, the hacker returned the stolen assets for a reward of 250 ETH.