Justin Sun Offers 5% Bounty to Hackers
After the hackers stole over $126 million in assets from Poloniex, Justin Sun, the owner of the global digital asset exchange company, took to Twitter and offered a 5% bounty to the hackers. He asked them to return the funds to specific wallets within seven days. If they refused, legal enforcement would follow.
Justin Sun’s Message To Hackers
In his tweet, Justin Sun shared the wallet addresses where the hackers should send the funds. These wallets included ETH Wallet: 0x176F3DAb24a159341c0509bB36B833E7fdd0a132, TRX: TUgSgCQL6pMSy9zByn4sgxqrJa95sZExBG, and BTC: 14XKsv8tT6tt8P8mfDQZgNF8wtN5erNu5D.
Additionally, Changpeng Zhao (CZ), CEO of Binance, expressed hope for a resolution and assured to provide any necessary assistance if any of the stolen funds flowed towards Binance.
Poloniex’s $126 Million Asset Theft
The security hack resulted in a loss of over $126 million in assets, including ETH, USDT, BTC, USDD, USDC, ETH, FLOKI, and TUSD. The attackers used the stolen funds to pump TRX price on the Tron blockchain. At the time of writing, TRX price is trading at 6% at $0.1052 with a market cap reportedly rising by 5.13% at $9 billion.
Hot Take: The Consequences of Justin Sun’s Offer
Justin Sun’s offer of a 5% bounty for returning stolen assets puts pressure on the hackers to decide whether to comply or face legal consequences. It also demonstrates his commitment to mitigating losses and recovering stolen funds.
By
By
By
By
By
By