Centralized cryptocurrency exchange Poloniex, owned by Tron founder Justin Sun, was hacked. Exchange losses amount to more than $63 million in crypto assets LINK, TRX and TUSD.
Analytics company PeckShield initially reported that there was a suspicious outflow of funds from the exchange's hot wallet, marked in the Etherscan block explorer as Poloniex 4. Presumably, according to PeckShield, more than $63 million in LINK, TRX and TUSD crypto assets could have been stolen from the exchange.
Poloniex management has not yet confirmed this amount. First, the exchange announced on the social network X (Twitter) that its wallet was disabled for maintenance. As soon as its operation is resumed, Poloniex will notify users about this. The trading platform did not give a reason for the maintenance, and did not mention anything about the hack.
Our wallet has been disabled for maintenance. We will update this thread once the wallet has been re-enabled.
— Poloniex Customer Support (@PoloSupport) November 10, 2023
Later, exchange owner Justin Sun wrote that an investigation into this incident was already underway.. He assured users that Poloniex has a stable financial position, and the site will fully compensate for the losses of affected customers. To simplify refunds, the exchange is exploring the possibility of cooperation with other trading platforms.
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.
— H.E. Justin Sun (@justinsuntron) November 10, 2023
The Poloniex exchange began operating in 2014, and the founder of the Tron crypto project Justin Sun acquired it in 2019. Notably, reports of the Poloniex hack came just months after Sun's other cryptocurrency exchange, HTX, formerly known as Huobi, was hacked.. In September, she lost 5,000 ETH (about $8 million). Fortunately, the hacker returned the stolen funds for a reward of 250 ETH.