• Fri. Nov 15th, 2024

Poloniex Now Among Top 10 Largest Cex Hacks With $125 Million Loss

Nov 10, 2023

Poloniex, the centralized crypto exchange owned by Tron founder Justin Sun, was hacked for an estimated loss of about $125M.

Security firm Peckshield reported that the bulk of the stolen funds came from three major chains: Ethereum (ETH) with $56M, Tron (TRX) with $48M, and Bitcoin (BTC) with $18M.

The amount drained makes the exploit the seventh largest in CEX hack history, according to data compiled by rankfi.com. The largest exchange hack was a $532M loss on Coincheck.

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[Source: TheDefiant]

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