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    Tron Founder Justin Sun Offers 5% Cut to Hacker After Poloniex Crypto Exchange Loses $125,000,000 in Cyber Heist

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    Tron Founder Justin Sun Offers 5% Cut to Hacker After Poloniex Crypto Exchange Loses 5,000,000 in Cyber Heist

    Tron (TRX) founder Justin Sun is offering a 5% white hat bounty to the hacker who exploited the exchange Poloniex for $125 million in crypto.

    Sun, who acquired Poloniex in 2019, says that the hacker has a week to accept the offer and return the assets to the wallets he took them from, otherwise, law enforcement will have to get involved.

    “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 seven days to consider this offer before we engage law enforcement.”

    According to cybersecurity firm PeckShield, 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 firm Lookonchain finds that the bad actor also stole a slew of other crypto assets, including stablecoins Tether (USDT), USD Coin (USDC), as well as popular memecoin Shiba Inu (SHIB).

    Lookonchain further finds that the hacker was in a rush and accidentally sent $2.5 million worth of the digital asset Golen (GLM) to the wrong address, essentially burning the tokens.

    Sun goes on to say that Poloniex will fully reimburse the stolen funds and collaborate with other exchanges to recover the assets.

    “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.”

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    Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

    Featured Image: Shutterstock/Design Projects

    The post Tron Founder Justin Sun Offers 5% Cut to Hacker After Poloniex Crypto Exchange Loses $125,000,000 in Cyber Heist appeared first on The Daily Hodl.

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