Poloniex Hot Wallets Hacked With $114M Seemingly Stolen

Cryptocurrency exchange Poloniex has had its hot wallets drained by hackers with an estimated loss of around $114 million, several sets of on-chain data show. A suspected hack was flagged at around 10:55 UTC by blockchain security firms PeckShield and Cyvers. Poloniex announced 12 minutes later that the exchange's wallet had been disabled for maintenance. The hack was later confirmed by Poloniex investor Justin Sun in a tweet. Various wallets across multiple blockchains appear to have been targeted. Arkham data shows that an Ethereum wallet, now tagged as "Poloniex hacker," sent a total of $114 million worth of tokens from Poloniex in 357 transactions.

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