Poloniex, the crypto-exchange, has delivered a missive to the offender responsible for swiping $100 million in digital treasures from its vault. It claims to have pinpointed the culprit. They want to allow the guilty party to return the stolen goods. In return, they dangle a $10 million reward.
A social media post from PeckShield, a blockchain safety company, displayed a letter from Poloniex to the cybercriminal. The exchange states it has identified who the hacker is. Poloniex emphasized that they are joining forces with enforcement agencies in the U.S., Russia, and China.
— PeckShield Inc. (@peckshield) November 18, 2023
Poloniex stated they have already tagged the money taken and cannot utilize it. He identified the hacker, but the exchange gave him a chance. Offered until November 25 to return the money and get a $10 million prize under a ‘white hat’ program. Ensure the cash is returned, or the police will surely intervene.
Poloniex Heist: Unveiling the Hacker’s Identity
The message suggests the hacker’s identity is known. Still, some folks in our community need more details about this fresh news. On X (once known as Twitter), a community member shared that they don’t see why the exchange would have to alert police in three nations and repeat the message in 15 languages. The member questioned this need, emphasizing that the community is already aware of the hacker.
Seems like they haven't identified the hacker, because if they did, Justin Sun wouldn't need to involve law enforcement on 3 different continents and send the same message to the hack in 15 different languages 🙄
— Billy Pandos (@billyp258) November 20, 2023
Earlier this month, something wrong happened to Poloniex. Their crypto wallet started showing odd money flows. On the November 10, some companies that check the safety of blockchain transactions spotted something. More than $100 million had gone missing from the exchange’s wallet.
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After the attack, Poloniex paused its wallet for upkeep. They even provided a 5% reward if the funds returned. On November 15, withdrawals restarted. They collaborated with a security check company to boost the exchange’s safety.