As we reported, a few hours ago, it was revealed that the cryptocurrency exchange Poloniex was hacked. On the other hand, users in the cryptocurrency space are wondering which altcoin projects the hacker stole. Because it was a matter of concern whether the hacker would create sales pressure in these altcoins. Here are the details…
Poloniex hacker stole 7 altcoins
cryptokoin.com As we reported, Poloniex, owned by TRON founder Justin Sun, was shaken by a hacking attack. As revealed in a tweet by Lookonchain, the hacker stole Bitcoin and 7 altcoin projects. He stole approximately $118 million in various BTC and altcoin projects of the Poloniex exchange. According to Lookonchain’s tweet, the stolen assets include:
- 32.7 million USDT
- 443 BTC (equivalent to $16.5 million)
- 6,103 ETH ($12.7 million)
- 6.75 million USDC
- 577 billion SHIB ($4.74 million)
- 25.5 trillion ELON ($4.15 million)
- 3.65 million USDD
- 197.7 million OX ($2.67 million)
Crypto entrepreneur Justin Sun has responded somewhat to the situation by offering a 5% reward to the Poloniex hacker if they return the stolen funds within the next seven days. The first announcement of the attack came earlier today when Sun stated that Poloniex was investigating a hack. But details were scarce. However, blockchain security firm CertiK reported that it detected a suspicious movement of $31 million worth of crypto assets from Poloniex 4, one of the exchange’s hot wallets.
Funds transferred to a new address
Further analysis by crypto analytics firm Scopescan revealed that the Poloniex address involved in the hack transferred all tokens to a new address named ‘0x0A59’ within 40 minutes, worth approximately $60 million in total. The new address has since aggressively moved the stolen funds to other addresses and converted them to Ethereum (ETH). Latest information shows that Poloniex’s losses exceed $100 million. On-chain data reveals an extensive list of stolen assets, including bankrupt Voyager VGX tokens, Pepe, Polygon’s MATIC, Aave, TrueUSD stablecoin, Chainlink’s LINK, and more.
In response to the incident, Poloniex released a short statement saying, “Our wallet has been disabled for maintenance. We will update this topic when the wallet is reactivated.” he said. While the crypto community awaits further developments, the repercussions of this significant attack are already rippling through the industry. Sun said Poloniex is in a healthy financial position and will fully repay the affected funds. The crypto entrepreneur also said that the firm will explore opportunities to collaborate with other exchanges to facilitate the recovery of stolen funds.
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