Poloniex Exchange Faces $60 Million Crypto Asset Hack
Recently, Poloniex, a crypto exchange owned by Tron founder Justin Sun, experienced a significant loss of at least $60 million in crypto assets due to a hack incident. The blockchain security firm Peckshield first identified the transfers from the “Poloniex 4” wallet to the hacker’s wallet, which included various cryptocurrencies such as ETH, TRON, USDT, TUSD, PEPE, FLOKI, and SHIB. Poloniex’s customer support account tweeted that the wallet had been disabled for maintenance.
Sun took to Twitter to announce that the exchange was investigating the incident and would fully reimburse affected funds. He also mentioned collaborating with other exchanges to facilitate the recovery of the appropriated funds. Security researcher Officer’s Notes suggested that compromised private keys, malware, or social engineering could have caused the hack. Decrypt has reached out to Poloniex for a response.
Hot Take: Poloniex Undergoes Major Hack
The recent hack at Poloniex resulting in a loss of $60 million in crypto assets has raised concerns about security within the exchange. As investigations continue and affected users await reimbursement, it is crucial for exchanges to prioritize security measures to prevent future incidents and protect user funds.
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