**Poloniex Takes Action After $126 Million Heist**

Poloniex, a crypto exchange company owned by TRON founder Justin Sun, is reeling from a major heist that led to losses totaling $126 million. The assets stolen included $56 million in Ether (ETH), $48 million in TRON (TRX), and $18 million in BTC. In response, Poloniex has taken decisive action, freezing the affected wallet and launching an investigation into the attack.

**Identifying the Hackers and Rendering Stolen Funds Useless**

In a dramatic turn of events, Poloniex claims to have identified the attackers behind the heist and has taken steps to render the stolen funds useless. Data from Etherscan revealed that Justin Sun sent $0.10 worth of ETH to the various addresses used by the hackers, effectively marking the stolen assets as ineligible for use. This move serves as a warning to those who attempt to trade with the hacker, as their accounts will likely be frozen. Additionally, Poloniex has involved the police of the United States, China, and Russia in the ongoing investigation of the incident.

**Poloniex Raises “White Hat” Offer and New Deadline**

In an effort to reclaim the stolen assets, Poloniex has raised its “white hat” offer to the hackers. This offer, which originally stood at 5% of the stolen assets, has now been increased to $10 million. However, this offer is only valid until November 25, after which law enforcement in the aforementioned nations will commence active operations to apprehend the hackers.

In the image below, you can see the visual representation of the dramatic events that have unfolded surrounding Poloniex’s response to the major heist.

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### News source: bitcoinist.com

By Team