Poloniex hacked

Poloniex, a centralized cryptocurrency exchange owned by Tron founder Justin Sun, was hacked. There is a suspicious outflow of funds from the exchange's hot wallet, marked in Etherscan as Poloniex 4. According to analytics company PeckShield, the exchange lost more than $63 million in LINK, TRX and TUSD cryptocurrencies. Poloniex management has not yet confirmed this amount. First, the trading platform announced on the social network X (formerly Twitter) that its wallet was disabled for maintenance. Poloniex will notify users as soon as the wallet is restored. The cryptocurrency exchange did not provide a reason for the maintenance, nor did it mention anything about the hack.

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Exchange owner Justin Sun said that an investigation into this incident is already underway. He claims that Poloniex is in a strong financial position and the exchange will fully reimburse the losses of affected customers. To make refunds easier, the trading platform is exploring the possibility of collaborating with other cryptocurrency exchanges. Interestingly, reports of the Poloniex exchange hack came just a few months after another cryptocurrency exchange owned by Sun, HTX (formerly Huobi), was hacked. In September, she lost 5,000 ETH (about $8 million). Later, they managed to return the stolen funds for a reward to the hacker in the amount of 250 ETH.
The Poloniex exchange began operating in 2014, and the founder of the Tron crypto project, Justin Sun, acquired it in 2019.