Cryptocurrency exchange Poloniex appears to have suffered a hacker attack on one of its online wallets, marked as “Poloniex 4” on Etherscan. According to security firm PeckShield, a series of suspicious outflows indicates that the security incident affected a large portion of your funds.
Although the exchange has not yet confirmed the amount, it is estimated that the attack resulted in the loss of around US$114 million. The initial analysis reported a theft of US$63 million in assets, but there was an update to US$111 million considering US$49 million diverted on the Tron network.
“We have deactivated our portfolio for maintenance. We will update this topic as soon as the wallet is reactivated,” stated the exchange on your X (formerly Twitter) customer support account.
The Etherscan explorer shows a series of transfers from “Poloniex 4” to the hacker’s wallet, including tokens ETH, TRON, the stablecoins USDT and TUSD, and memecoins such as PEPE, FLOKI and SHIB.
Poloniex suffers hacker attack
The Poloniex exchange has been operating in the crypto market since 2014. Tron’s founder, Justin Sun, who acquired the company in 2019, also spoke about the attack on his social network. As Sun reported, Poloniex is conducting an investigation and intends to refund all funds to affected users.
“We are currently investigating the Poloniex hack incident. Poloniex maintains a healthy financial position and will fully refund affected funds. Additionally, we are exploring collaboration opportunities with other exchanges to facilitate the recovery of these funds,” these Sun.
Despite being a very old exchange registered in the Seychelles, Poloniex is not that widely used around the world. According to data from CoinMarketCap, the crypto trading platform is now only the 23rd largest by volume of crypto traded.
Currently, there are 407 coins and 639 trading pairs available on the exchange. In the last 24 hours, the exchange traded a total volume of US$681 million in cryptocurrencies.