#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 $2.5 million worth of the digital asset Golen (GLM) to the wrong address, essentially burning the tokens.Sun goes on to say that Poloniex will fully reimburse the stolen funds and collaborate with other exchanges to recover the assets.“We are currently investigating the Poloniex hack incident. Poloniex maintains a healthy financial position and will fully reimburse the affected funds. Additionally, we are exploring opportunities for collaboration with other exchanges to facilitate the recovery of these funds.🕊@manwilchip$TRX #TRXSurge #Poloniex #Celsius

TRON Community Raises Network Energy Cap to 120 Billion, TRX Rallies
In a significant move that has caught the attention of the cryptocurrency world, the TRON (TRX) community has unanimously approved an increase in the network’s energy cap to 120 billion. This development has led to a notable rally in TRX, reflecting the market’s optimism about the TRON network’s future.
A Strategic Enhancement
The decision to raise the network energy cap is a strategic enhancement aimed at improving the TRON blockchain's scalability and efficiency. By increasing the energy cap, TRON is positioning itself to handle a higher volume of transactions and smart contract executions. This adjustment is expected to reduce transaction costs and improve overall network performance, addressing some of the challenges faced by blockchain platforms as they scale.
Impact on TRX
The announcement has had an immediate impact on TRX, the native cryptocurrency of the TRON network. Following the news, TRX has experienced a significant rally, reflecting increased investor confidence and a positive market sentiment. The price of TRX surged as traders and investors anticipated the benefits of the enhanced network capacity, which could drive greater adoption and utilization of the TRON blockchain.
Community and Developer Support
The community and developers play a crucial role in the TRON ecosystem. The successful approval of the energy cap increase demonstrates strong support from both groups, highlighting their commitment to the growth and advancement of the network. This collaborative effort underscores the importance of community engagement in driving innovation and improvements within the blockchain space.
Future Outlook
Looking ahead, the increase in the network energy cap is expected to pave the way for further advancements and developments within the TRON ecosystem. With enhanced network capabilities, TRON is better positioned to attract new projects and users, potentially increasing its market share and influence in the blockchain industry.
As the cryptocurrency market continues to evolve, the TRON community’s proactive approach in addressing scalability and efficiency issues serves as a model for other blockchain platforms. The rally in TRX is a testament to the market’s positive response to these strategic enhancements and a sign of exciting developments on the horizon for the TRON network.
In summary, the TRON community’s decision to raise the network energy cap to 120 billion marks a significant milestone for the blockchain platform. The resulting TRX rally highlights the growing optimism and potential for TRON’s future growth, setting the stage for further advancements in the blockchain space.
#TRX✅ #TRXUpdate #TRXSurge #BinanceBlockchainWeek #BinanceSquareFamily $TRX