{"id":86881,"date":"2023-11-10T15:55:10","date_gmt":"2023-11-10T13:55:10","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86881"},"modified":"2025-09-13T08:15:44","modified_gmt":"2025-09-13T05:15:44","slug":"poloniex-hack-losses-top-100-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/poloniex-hack-losses-top-100-million\/","title":{"rendered":"Poloniex hack losses top $100 million"},"content":{"rendered":"<p>On November 10, an unknown assailant attacked the Poloniex cryptocurrency exchange. According to preliminary data from Arkham Intelligence, aggregate losses exceeded $124.5 million in digital assets.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/fzxZEvAK2EYY1XeLFE9GXOpx5dQfDZTdRDP8uGDQosVpN3SMeOujtOsL6jcsW81mJQ4-4iVIqZbc7MORu6DvELZpZnpdGBiTd8reA5DL8tSA1nhTBHxcnrSHoszndmitcsy0bp6TFVNpiczkm62qk3c\" alt=\"Poloniex hack losses top $100 million\"\/><figcaption class=\"wp-element-caption\">Assets of the Poloniex attacker. Data: <a href=\"https:\/\/platform.arkhamintelligence.com\/explorer\/entity\/893f9614-ccae-4b56-bf6e-6b072b297b5c\">Arkham Intelligence<\/a>.<\/figcaption><\/figure>\n<p>Around 14:00 (UTC+3), PeckShield analysts warned the platform and its head Justin Sun of suspicious withdrawals from one of the company&#8217;s hot wallets.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Hi <a href=\"https:\/\/twitter.com\/Poloniex?ref_src=twsrc%5Etfw\">@Poloniex<\/a>, you may want to take a look: <a href=\"https:\/\/twitter.com\/justinsuntron?ref_src=twsrc%5Etfw\">@justinsuntron<\/a> <a href=\"https:\/\/t.co\/UobItZ9FpO\">https:\/\/t.co\/UobItZ9FpO<\/a><\/p>\n<p>\u2014 PeckShield Inc. (@peckshield) <a href=\"https:\/\/twitter.com\/peckshield\/status\/1722931275764474329?ref_src=twsrc%5Etfw\">November 10, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Poloniex&#8217;s support account on X reported that the address was taken offline for maintenance.<\/p>\n<p>Forty minutes later, Sun confirmed the incident, saying that the investigation had begun. According to him, Poloniex is in a &#8220;healthy financial position&#8221; and will fully reimburse the lost funds at its own expense.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We are currently investigating the Poloniex hack incident. Poloniex maintains a healthy financial position and will fully reimburse the affected funds. Additionally, we are exploring opportunities for collaboration with other exchanges to facilitate the recovery of these funds.<\/p>\n<p>\u2014 H.E. Justin Sun \u5b59\u5b87\u6668 (@justinsuntron) <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/1722942733680296246?ref_src=twsrc%5Etfw\">November 10, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The exchange will also seek assistance from other platforms to recover the stolen assets.<\/p>\n<p>Sun offered the hacker a 5% white-hat bounty on condition of returning all stolen funds. He was given a week to consider the offer; after that Poloniex would report to law enforcement.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We are offering a 5% white hat bounty to the Poloniex hacker. Please return the funds to the following ETH\/TRX\/BTC wallets. We will give you 7 days to consider this offer before we engage law enforcement.<br \/>ETH Wallet: 0x176F3DAb24a159341c0509bB36B833E7fdd0a132 TRX:\u2026<\/p>\n<p>\u2014 H.E. Justin Sun \u5b59\u5b87\u6668 (@justinsuntron) <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/1722951876986204259?ref_src=twsrc%5Etfw\">November 10, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Representatives of Arkham added that they announced a bounty of 10,000 ARKM (~$4,185) for help identifying the offender.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We&#8217;ve created and funded a bounty to help identify the person or organization behind today&#8217;s <a href=\"https:\/\/twitter.com\/Poloniex?ref_src=twsrc%5Etfw\">@Poloniex<\/a> exploit.<\/p>\n<p>Cc <a href=\"https:\/\/twitter.com\/justinsuntron?ref_src=twsrc%5Etfw\">@justinsuntron<\/a> <\/p>\n<p>Bounty Link: <a href=\"https:\/\/t.co\/qMEA6KUsyu\">https:\/\/t.co\/qMEA6KUsyu<\/a><\/p>\n<p>Poloniex Exploiter on Arkham: <a href=\"https:\/\/t.co\/AOJWEB0Y5X\">https:\/\/t.co\/AOJWEB0Y5X<\/a> <a href=\"https:\/\/t.co\/imBQrJa73G\">https:\/\/t.co\/imBQrJa73G<\/a> <a href=\"https:\/\/t.co\/CuUqVKncur\">pic.twitter.com\/CuUqVKncur<\/a><\/p>\n<p>\u2014 Arkham (@ArkhamIntel) <a href=\"https:\/\/twitter.com\/ArkhamIntel\/status\/1722944982456078544?ref_src=twsrc%5Etfw\">November 10, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">November 10, 2023 | 19:14<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>Sun said there was &#8220;successful identification and freezing of part of the assets linked to the hacker&#8217;s addresses.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Additionally, the team have restored Poloniex&#8217;s systems, preserved relevant evidence, and in the coming days, we will work diligently to gradually resume deposits and withdrawals on Poloniex, ensuring 100% security. Apologize for any inconvenience this may have caused.<\/p>\n<p>\u2014 H.E. Justin Sun \u5b59\u5b87\u6668 (@justinsuntron) <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/1723009018086527126?ref_src=twsrc%5Etfw\">November 10, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abIn the current circumstances, losses remain within acceptable bounds, and Poloniex&#8217;s operating income can cover them\u00bb, he stressed.<\/p>\n<\/blockquote>\n<\/div>\n<p>Against the backdrop of the hack, the blockchain&#8217;s native token TRX rose sharply \u2014 from $0.099 to $0.113. At the time of writing the asset had corrected to around $0.106.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/wBfxLOnEUqlPyq85HJFXq8wG3yIywfvvDa9PUmVZimPHDh5ORu47hf94--f3l2s3EEZxRfy2kwHtOG51BceQQet9QI1AD5HwIaL6BI31oO74O-BPq5QwTURae1WTlt2gcV1gsevsdjS8U8TDY1s8TJc\" alt=\"Poloniex hack losses top $100 million\"\/><figcaption class=\"wp-element-caption\">5-minute TRX\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/TRXUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Earlier on-chain sleuth ZachXBT <a href=\"https:\/\/forklog.com\/en\/news\/expert-suspects-2-million-theft-from-coinspot-exchange-after-hack\">reported<\/a> a possible $2 million theft at the CoinSpot exchange.<\/p>\n<p>In October, losses from breaches across 23 incidents <a href=\"https:\/\/forklog.com\/en\/news\/report-october-losses-from-hacks-and-scams-fall-to-51-million\">fell to $51 million<\/a> \u2014 85.6% lower than a month earlier.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On November 10, an unknown assailant attacked the Poloniex cryptocurrency exchange. According to Arkham Intelligence, aggregate losses exceeded $124.5 million in digital assets.<\/p>\n","protected":false},"author":1,"featured_media":86882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[44,253],"class_list":["post-86881","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybercrime","tag-poloniex"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=86881"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86881\/revisions"}],"predecessor-version":[{"id":86883,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86881\/revisions\/86883"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/86882"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=86881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=86881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=86881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}