Tron (TRX) founder Justin Sun is offering a 5% white hat bounty to the hacker who exploited the Poloniex exchange for $125 million worth of crypto.
Sun, which acquired Poloniex in 2019, says the hacker still has a week to accept the offer and belongings back into the wallet he took them out of, otherwise the police will have to be involved.
“We are offering the Poloniex hacker a 5% white hat premium. Send the funds back to the following ETH/TRX/BTC wallets. We will give you seven days to consider this offer before we involve the police.”
According to cybersecurity company PeckShield, it is the cyber bandit made away with $56 million worth of top altcoin Ethereum (ETH), $48 million worth of TRX and $18 million worth of king crypto Bitcoin (BTC).
Blockchain tracking company Lookonchain finds that the bad actor too stable a slew of other crypto assets, including stablecoins Tether (USDT), USD Coin (USDC), as well as the popular memecoin Shiba Inu (SHIB).
Lookonchain further discovers that the hacker was in a hurry and accidentally sent $2.5 million worth of Golen digital assets (GLM) to the wrong address, essentially burning the tokens.
Sun continues participation that Poloniex will fully refund the stolen funds and work with other exchanges to recover the assets.
“We are currently investigating the Poloniex hacking incident. Poloniex maintains a healthy financial position and will fully repay the affected funds. In addition, we are exploring opportunities to collaborate with other exchanges to facilitate the recovery of these funds.”
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