Justin Sun Announces New Deadline for Poloniex Hackers, Promises $10 Million Reward

Justin Sun Announces New Deadline for Poloniex Hackers, Promises $10 Million Reward

Tron Founder Increases White Hat Bounty to $10 Million

If you’ve been following the recent Poloniex hack, you might have heard that Tron founder Justin Sun has upped the ante in the effort to recover the stolen funds. In an on-chain message, Sun warned the hackers that law enforcement from the United States, Russia, and China were involved and gave them until Nov. 25 to return the assets. He likewise mentioned that the funds have been marked for tracking and cannot be used, with financial counterparties set to be frozen.

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Reimbursement and a Warning

The hackers were previously offered a five percent white hat bounty, but with a new deadline and an increased $10 Million reward, the pressure is on for them to cooperate. Sun’s message likewise cautioned that if the hackers refuse to comply, police forces from multiple countries will take action.

Poloniex Intends to Resume Services

On the Poloniex side, the cryptocurrency exchange is looking to resume withdrawal and deposit services in the coming week, signaling a probable profit to normalcy following the hack.

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Hot Take: Justin Sun Cranks Up Pressure on Poloniex Hackers

It’s a high-stakes game as Tron founder Justin Sun continues  his efforts to recover the stolen funds from the recent Poloniex hack. With an increased white hat bounty and warnings of law enforcement involvement, the pressure is on the hackers to return the assets. In the meantime, Poloniex is making moves to resume its services, potentially signaling a step towards recovery for the influenced users.

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