Poloniex says hacker’s id is confirmed, presents final bounty at $10M

by Jeremy

Crypto trade Poloniex just lately posted a message to the hacker answerable for stealing over $100 million in digital property from one among its wallets, saying that it has recognized the individual and is giving the perpetrator an opportunity to return the property in trade for a $10 million bounty. 

An on-chain message shared by blockchain safety agency PeckShield on social media exhibits Poloniex’s message to the hacker. In keeping with the trade, it has already confirmed the hacker’s id. The trade additional highlighted that it’s working with varied regulation enforcement companies from the USA, Russia and China.

Moreover, Poloniex talked about that the stolen funds are already marked and can’t be used. Regardless that it confirmed the hacker’s id, the trade gave the hacker an opportunity to return the funds by Nov. 25 and get a $10 million white hat reward. Nevertheless, if the funds are usually not returned, police forces will take motion.

On-chain message from Poloniex to the hacker. Supply: PeckShield

Whereas the message signifies that the hacker is recognized, some neighborhood members are unconvinced concerning the new growth. In a submit on X (previously Twitter), a neighborhood member mentioned that the trade wouldn’t have to contain the police in three totally different nations and ship the identical message in 15 totally different languages if the hacker is already recognized. 

Associated: Exploits, hacks and scams stole virtually $1B in 2023: Report

The hack occurred earlier in November when a crypto pockets belonging to Poloniex had suspicious outflows. On Nov. 10, varied blockchain safety companies decided that greater than $100 million was drained from the trade’s pockets

In response to the assault, Poloniex disabled the pockets for upkeep. As well as, the trade additionally supplied a 5% bounty for the return of the funds. On Nov. 15, the trade resumed withdrawals after enlisting the assistance of a safety auditing agency to boost its safety.

Journal: $3.4B of Bitcoin in a popcorn tin: The Silk Highway hacker’s story