The post Justin Sun Offers 5% Bounty for Returning Poloniex Stolen Funds appeared on BitcoinEthereumNews.com.

The hackers were given seven days to accept his offer or face legal repercussions. Poloniex’s losses climbed from $100 million to $126 million, according to new figures. Justin Sun, who recently acquired crypto exchange Poloniex offered a 5% reward to the hackers who looted over $126 million in assets. Justin sent an update on Twitter on November 10 after suffering a devastating loss, pleading with the attackers for a refund within seven days. Moreover, Justin Sun offered a 5% bounty in a tweet, directing the Poloniex hacker to the mentioned wallets to give back the stolen assets.  The hackers were given seven days to accept his offer or face legal repercussions. Binance CEO Changpeng Zhao (CZ) also replied to the Poloniex breach incident, expressing his desire for a speedy resolution. He also promised assistance of any form in the event that any of the stolen monies ended up at Binance. TRX Pump Moreover, Poloniex’s losses climbed from $100 million to $126 million, according to new figures. One of its wallets, Poloniex 4, was the target of the security breach, as indicated by a post on Etherscan. Over $126 million worth of cryptocurrencies were stolen over 357 transactions, according to estimates. Meanwhile, attackers used the stolen assets to inflate Justin Sun-linked Tron blockchain’s native TRX token. Moreover, the Poloniex attackers have spent almost $22 million on TRX on the Tron blockchain in only 40 minutes. At the time of writing, TRX is trading at $ $0.1052, up 7% in the last 24 hours as per data from CoinMarketCap. There was a brief spike which led the price to reach 0.112, which is being linked to the artificial inflation by the attacker. Highlighted Crypto News Today: Why Crypto Market is Pumping? This Could be the Reason Source: https://thenewscrypto.com/justin-sun-offers-5-bounty-for-returning-poloniex-stolen-funds/

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Filed under: News - @ November 11, 2023 6:18 am