Cryptocurrency exchange Poloniex is preparing to restart withdrawal services and enhance security after a hack that resulted in $100 million being stolen. The resumption of services will be carried out in phases, with the initial focus on user safety. Deposits and withdrawals for Tron (TRX) will be enabled first, followed by Bitcoin (BTC), Ether (ETH), and other major cryptocurrencies over the next two weeks. Poloniex is also planning to introduce new cryptocurrency listings to diversify its offerings. Users are urged to use updated deposit addresses to ensure credited deposits. Poloniex will also launch an airdrop campaign in partnership with HTX DAO to rebuild trust and loyalty. However, hacks and exploits continue to pose a major threat in the crypto ecosystem.
Hot Take: Poloniex Resumes Withdrawal Services After $100 Million Hack
Poloniex, the cryptocurrency exchange, has announced its plans to resume withdrawal and deposit services following a major security breach that saw $100 million being stolen. This move marks a significant step towards normalizing operations and ensuring the safety of user funds. Poloniex will reintroduce services in phases, starting with Tron (TRX) and gradually including other major cryptocurrencies. The exchange is also focusing on enhancing security features and diversifying its offerings. Additionally, Poloniex will conduct an airdrop campaign in partnership with HTX DAO in an effort to rebuild trust and loyalty among its user base. However, the prevalence of hacks in the crypto industry remains a major concern.
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