Fellow Binancians 🚀🚀Element Token,🚀🚀symbolized by $ELE, is a groundbreaking project designed to address these challenges and provide a unique investment opportunity.  At its core, Element Token aims to become the fifth Element in the world of cryptocurrencies and bridge the gap between traditional and decentralized financial systems🔥Tax buy : $0🔥Tax sell : $0💥 22% Cex stock 🏛💥 22% Dex stock 🏛💥 10% Marketing💥 6% Team💥 40% Pre-SaleCreation Date: 09/13/2023💎 Defi Element Token💎Token Name: ELEMENT💎Token Symbol : $ELE💎Total Supply: 500,000,000💎Total Circulating Supply: 500,000,000💎Network: Binance Smart ChainContract Address: 0x374142994d7Bb0B218ff13B70FdDDe091a360960#BTC #Poloniex

In a recent tweet, Justin Sun, the founder of TRON and BitTorrent, confirmed the occurrence of a hack on the Poloniex cryptocurrency exchange. The exploit reportedly led to a drain of approximately $125 million in crypto assets from the platform's wallets.Hack and Drain of $125 Million: - Chain security firm PeckShield initially reported an exploit on Poloniex, revealing suspicious transactions draining around $125 million from the exchange's hot wallet. - The attacker's wallet received significant outflows from Poloniex, prompting concerns and leading to the exchange's decision to disable its wallet for maintenance.Poloniex's Response: - Poloniex acknowledged the situation through a tweet, stating that their wallet had been disabled for maintenance. The exchange committed to providing updates once the wallet is re-enabled.Justin Sun's Involvement: - Justin Sun addressed the situation, offering a 5% white hat bounty to the hacker responsible for the exploit. He urged the hacker to return the funds to specified ETH/TRX/BTC wallets within a week to avoid legal action.Assurance of Reimbursement: - Sun reassured Poloniex users that the exchange is actively investigating the hack and emphasized its healthy financial position. - The founder pledged full reimbursement of the affected funds and revealed ongoing efforts to collaborate with other crypto platforms for the recovery of the hacked assets.Justin Sun's Tweet:"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."Community Reaction:The crypto community is closely monitoring the developments, and Poloniex users are awaiting further updates on the situation. Justin Sun's commitment to reimbursing affected funds and seeking collaboration with other exchanges adds a layer of assurance for users impacted by the security incident.As the investigation unfolds, the industry will be keenly observing how Poloniex addresses the aftermath of the hack and collaborates with relevant stakeholders to enhance security measures on the platform. The situation underscores the ongoing challenges and risks associated with cybersecurity in the cryptocurrency space.#Poloniex #BTC #bitcoinhalving Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this post/article includes personal opinions. Readers are encouraged to do thorough research before making any investment decisions. Decrypted Labs is not responsible for any financial losses.