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Justin Sun offers 5% bounty as Poloniex losses cross $100 million

The Tron founder said Poloniex hackers have seven days to return a bulk of the funds in exchange for a white hat bounty or law enforcement would be engaged for a remedy. Justin Sun provided three wallet addresses to which hackers could transfer the stolen funds. Sun also added that an internal investigation was underway and affected assets would be fully reimbursed as the platform maintains a “healthy financial position”. We are offer ing a 5% white hat bounty to the Poloniex hacker. Please return the funds to the following ETH/TRX/BTC wallets. We will give you 7 days to consider this offer before we engage law enforcement. ETH Wallet: 0x176F3DAb24a159341c0509bB36B833E7fdd0a132 TRX:… — H.E. Justin Sun 孙宇晨 (@justinsuntron) November 10, 2023 Blockchain security firm PeckShield alerted community members to outflows from Poloniex hot wallets on Nov. 10. As crypto.news reported, the losses were initially estimated at around $33 million but this number was later updated to over ...

Former Mt. Gox CEO breaks silence on 1Feex address

Mark Karpelès, the former CEO of the fallen crypto exchange Mt. Gox, officially revealed the funds in the 1Feex address are “considered stolen property.” According to a recent tweet, Karpelès claims that the 79956.55 Bitcoins (BTC) were sent to the 1Feex wallet (1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF) without proper authorization from the exchange on March 1, 2011. He added the assets belong to Mt. Gox and its creditors. I hereby certify that the 79956.55 Bitcoins sent to the 1Feex address on March 1st 2011 were transferred without proper authorization from MtGox's original bitcoind wallet, and are considered stolen property belonging to the MtGox estate for the profit of the MtGox creditors. — Mark Karpelès (@MagicalTux) August 1, 2023 Moreover, a statement in June revealed that the US Department of Justice (DOJ) unsealed charges against Alexey Bilyuchenko and Aleksandr Verner, who were allegedly connected to the Mt. Gox hack.  The two Russian nationals were charged wit...