Security News > 2023 > November > Poloniex crypto-exchange offers 5% cut to thieves if they return that $120M they nicked

The founder of the Poloniex has offered to pay off thieves who drained an estimated $120 million of user funds from the cryptocurrency exchange in a raid on Friday.

"We are offering a five percent white hat bounty to the Poloniex hacker," Sun wrote.

"The Poloniex team has successfully identified and frozen a portion of the assets associated with the hacker's addresses," Sun alleged.

Blockchain security company SlowMist has compiled all of the data related to the attack on Poloniex into a publicly accessible spreadsheet.

Cyvers, another blockchain security company, was among the first to alert the public to the woe at Poloniex at 1055 UTC on November 10, saying multiple suspicious withdrawals were made from the exchange's hot wallet.

Speaking to The Register, cybersecurity expert Dominic Alvieri said that although key facts are yet to be established, the attack on Poloniex appears to share the same MO as Lazarus' previous work.

News URL

https://go.theregister.com/feed/www.theregister.com/2023/11/10/justin_sun_poloniex_reward/