Cryptocurrency exchange Poloniex was the victim of a massive security breach on November 10 that resulted in over $126 million worth of crypto assets being stolen from the company’s hot wallets.
According to on-chain data and confirmation from Poloniex owner Justin Sun, the hack targeted wallets across multiple blockchains including Ethereum, Tron, and Bitcoin.
Keypoints
- Poloniex, a cryptocurrency exchange owned by TRON founder Justin Sun, suffered a hack resulting in over $126 million worth of crypto assets being stolen.
- The hack targeted Poloniex hot wallets across multiple blockchains including Ethereum, Tron, and Bitcoin. Over $114 million was drained from an Ethereum wallet alone.
- Stablecoins like USDT and meme coins like SHIB were among the assets stolen, in addition to ETH and BTC.
- The hacker quickly moved the funds through various wallets, swapped some to USDC, and may have accidentally burned $2.5 million in…
