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Another day, another hack. This time, Justin Sun’s crypto exchange – Poloniex – has reportedly fallen victim to theft. This has resulted in the platform incurring losses of over $60 million. according to to Colin Wu. This incident was also confirmed by Peckshied, a blockchain security and data analytics company.
So far, the crypto exchange has lost money in several cryptocurrencies, including Link, TRX, and TUSD. According to the latest Twitter from the fair afterPoloniex wallet “is disabled for maintenance.”
However, the platform did not mention the root cause of the suspension and no official report of a hack has been made. The founder of Tron and owner of Poloniex – Justin Sun has also not spoken about the incident on his social media platform.
Poloniex becomes Sun’s second exchange to fall
Interestingly, reports of a hack surfaced months after Sun’s other crypto exchange – HTX also fell victim to a hack. The exchange, formerly known as Huobi, lost 5,000 ETH (almost $8 million) in an attack that took place in September 2023.
Despite the loss, Sun stayed insured customers that the exchange “has fully covered the losses incurred due to the attack and successfully resolved all related issues.”
The story is still developing…
