{"id":87224,"date":"2023-11-18T15:28:17","date_gmt":"2023-11-18T13:28:17","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87224"},"modified":"2025-09-13T10:25:14","modified_gmt":"2025-09-13T07:25:14","slug":"justin-sun-raises-bounty-for-poloniex-hacker-to-10-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/justin-sun-raises-bounty-for-poloniex-hacker-to-10-million\/","title":{"rendered":"Justin Sun raises bounty for Poloniex hacker to $10 million"},"content":{"rendered":"

In a message to the Poloniex hacker who breached the exchange, Justin Sun said that the team had confirmed his identity, and offered to return the stolen assets for a $10 million reward.<\/p>\n

\"Justin
Data: Etherscan<\/a>.<\/figcaption><\/figure>\n

According to Sun, law-enforcement agencies from China, the United States and Russia are already involved in the case.<\/p>\n

If the attacker does not transfer the funds by November 25, law enforcement from several countries will begin acting, he warned.<\/p>\n

One user offered<\/a> Sun help identifying the attacker in exchange for reimbursement of 386 ETH lost in the Euler Finance DeFi protocol hack<\/a> for $196 million in March.<\/p>\n

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“The hacker is not from Russia or Poland,” he noted, hinting at the available data.<\/p>\n<\/blockquote>\n

On November 10, Poloniex lost nearly $125 million in cryptocurrencies as a result of the attack. Sun said there had been successful identification and freezing of part of the assets tied to the hacker’s addresses. He gave the hacker a week to return the stolen funds for a reward equal to 5% of the amount, about $6.25 million. Otherwise, Sun threatened to involve law enforcement.<\/p>\n

He also said that the losses suffered by the exchange are within the range it can cover from operating income.<\/p>\n

On November 17, the Poloniex team announced that deposits and withdrawals would resume ‘in the coming week.’ According to the statement, a comprehensive wallet update was carried out after the incident, and several days would be needed for a ‘thorough security review.’<\/p>\n

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? #Poloniex<\/a> deposit and withdrawal services are set to resume in the coming week after thorough security checks by our team.<\/p>\n

?\ufe0fFor enhanced security, we’ve conducted a comprehensive wallet update. After service resumption, deposit addresses for all users will be updated.\u2026 pic.twitter.com\/FXQMsH2XME<\/a><\/p>\n

\u2014 Poloniex Exchange (@Poloniex) November 17, 2023<\/a><\/p><\/blockquote>\n