After the hackers’ attack on the Poloniex exchange, 577 billion was lost from the exchange. Shiba Inu token was stolen. The value of these tokens is worth $4.74 million. However, the SHIB price did not react negatively to this news, on the contrary, the price increased by 6.2%.
Other stolen assets were 32.7 million USDT, 443 Bitcoin ($16.5 million) and 6,103 ETH ($12.7 million), according to Spot On Chain. Besides the assets mentioned above, hackers also stole other crypto assets including XRP, TRX, OX, TUSD, ELON, USDD, FLOKI, LINK, GLM, PEPE and MATIC.
Hackers quickly swapped other assets, including Shiba Inu tokens, for 14,825 Ethereum worth $30.34 million did.
🚨🚨 An overview and latest updates of the @poloniex hack
NEWS CONTINUES BELOW1. The attack happened ~15 hours ago and ~$114M was drained on both #Ethereum & #TRON networks
2. Top 5 assets accounted for 64% of the stolen funds, including:
• 32.7M $USDT (mostly on TRON)
• 443 $BTC ($16.5M) on… pic.twitter.com/MOSl1xbDqENEWS CONTINUES BELOW— Spot On Chain (@spotonchain) November 11, 2023
As we reported as Koinfinans.com, it started operating in 2014. poloniexis among the leading exchanges that allow users to buy and sell various crypto assets, from Bitcoin to Shiba Inu.
The stock market came to the fore in 2019 when it was purchased by well-known entrepreneur Justin Sun. According to CoinGecko data, Poloniex supports a total of 408 coins and 640 trading pairs at press time.