Crypto NewsExchangeWatch Out: Millions of Dollars Worth of Hack Activity Estimated to Have...

Watch Out: Millions of Dollars Worth of Hack Activity Estimated to Have Occurred in This Cryptocurrency Exchange

It is estimated that there has been a large-scale hack attack on a popular cryptocurrency exchange, according to onchain data.

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Poloniex, the cryptocurrency exchange linked to Tron (TRX) founder Justin Sun, may have suffered a hacking attack, according to a statement by crypto security company PeckShield.

In the onchain data examined by PeckShield, it is seen that $18.5 million worth of cryptocurrency assets were moved out of the exchange.

There has been no statement yet from Justin Sun or Poloniex officials regarding the issue.

The latest announcement about the listing of a new altcoin was made about 20 minutes ago from the Poloniex official X account.

In the transactions made during the day today, Justin Sun, the actual owner of the exchange, transferred Ethereum to some cryptocurrency exchanges, including Binance.

Justin Sun made the following statement on the subject:

We are currently investigating the Poloniex hack. Poloniex's financial condition is healthy and affected funds will be refunded in full. We are also exploring opportunities to collaborate with other exchanges to facilitate the recovery of these funds.

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Huobi Token (HT), the native token of Huobi, another cryptocurrency exchange linked to Justin Sun, attracted attention with its significant rise this week. The HT token seems to have been unaffected by the possibility of a hacking incident on Poloniex and has lost 2.80% of its value with the decline in the early hours of the day, regardless of the incident.

Interestingly, there has been a sudden increase in the TRX price these days. TRX gained over 6% in value in 10 minutes.

Experts state that the price of TRX increased because the hacker bought a large amount of TRX with the money he stole. However, there is a high probability that the hacker will start selling these TRXs soon. For this reason, it is necessary to be careful about the TRX price.

Chart with minute candles showing the pump experienced in the TRX price in the last minutes.

*This is not investment advice.

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