Poloniex says hacker’s identity is confirmed, offers last bounty at $10M


Crypto trade Poloniex just lately posted a message to the hacker liable for stealing over $100 million in digital property from one among its wallets, saying that it has recognized the particular person 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 reveals Poloniex’s message to the hacker. According to the trade, it has already confirmed the hacker’s identity. The trade additional highlighted that it is working with varied legislation enforcement companies from the United States, Russia and China.

Furthermore, Poloniex talked about that the stolen funds are already marked and can’t be used. Even although it confirmed the hacker’s identity, the trade gave the hacker an opportunity to return the funds by Nov. 25 and get a $10 million white hat reward. However, if the funds aren’t returned, police forces will take motion.

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

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

Related: Exploits, hacks and scams stole almost $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 exchange’s wallet

In response to the assault, Poloniex disabled the pockets for upkeep. In addition, the trade additionally supplied a 5% bounty for the return of the funds. On Nov. 15, the exchange resumed withdrawals after enlisting the help of a security auditing firm to enhance its security.

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