Cryptocurrency Exchange #Poloniex was a victim of a major hack last November 10, 2023 with over $114 Million Assets.

Justin Sun, TRX founder and Poloniex Investor, confirmed the hack, stating on X, 

“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.”

Arkham has also posted on X that they have created and funded a bounty to help identify the person or organization behind Poloniex exploit.

Sun added this statement a day after the incident "The Poloniex team has successfully identified and frozen a portion of the assets associated with the hacker's addresses. At present, the losses are within manageable limits, and Poloniex's operating revenue can cover these losses."

Poloniex withdrawals were temporarily disabled until today. #Poloniex states they maintain healthy financial position and will fully reimburse the affected funds.

#StaySAFU