Poloniex Identifies Hacker of $100M Heist, Offers $10M Bounty for Returned Assets
Summary:
Poloniex, a cryptocurrency exchange, has identified the hacker responsible for stealing over $100 million in digital assets. The company has offered a $10 million bounty in exchange for the return of the stolen assets. Despite skepticism from some community members, Poloniex maintains it is working with law enforcement agencies from the United States, Russia, and China, and warns of impending action if the funds aren't returned by November 25. In response to the theft, Poloniex enhanced its security systems and resumed withdrawals with the assistance of a security auditing firm.
In an unprecedented move, digital currency marketplace Poloniex has issued a unique plea to the thief who pilfered more than $100 million in digital currencies from its wallets. The company has identified the fraudster and is extending an olive branch in the form of a $10 million reward, should the stolen assets be returned. Blockchain security company PeckShield disseminated the intriguing on-chain correspondence from Poloniex to the cyber criminal. The exchange attested that their investigations have discerned the identity of the hacker, with several law enforcement agencies in the US, Russia, and China collaborating on the case. Poloniex emphasized that the filched funds are now tagged and therefore unusable. Despite knowing the hacker's identity, Poloniex is granting an opportunity for the return of the misappropriated funds to obtain a "white hat" bounty of $10 million by November 25. If this does not transpire, they warned, the law enforcement authorities involved will initiate action. Fact-checking of Poloniex's claim of identity recognition has been met with skepticism by some within the digital currency community. An X (formerly Twitter) user speculated that if the thief was truly identified, involving law enforcement across three nations and conveying their message in 15 different languages wouldn’t be necessary. This massive heist kicked off earlier this month when Poloniex's cryptocurrency wallet reported unusual activity. An investigation by various blockchain security corporations, revealed the extraction of more than $100 million from Poloniex's reserves. In the aftermath of this cyber assault, Poloniex immobilized the targeted wallet for maintenance while also advertising a 5% bounty for the recoupment of the missing assets. With the assistance of a security auditor, Poloniex tightened its security systems and recommenced withdrawals on November 15.
Published At
11/20/2023 11:10:35 AM
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