Poloniex hot wallet hacked with losses reportedly over $33m

Poloniex investor Justin Sun has confirmed the attack, saying the exchange “will fully reimburse the affected funds.”

Crypto exchange Poloniex appears to be the latest trading platform to suffer a hack, resulting in a loss of more than $33 million worth of crypto.

According to analysts at PeckShield, the hackers drained millions of dollars from one of the exchange’s hot wallet. Research analyst at 21co Tom Wan said in an X post that currently estimated loss is at $34 million.

Poloniex investor Justin Sun has confirmed the incident, but did not elaborate on the matter. He reassured customers that the exchange “maintains a healthy financial position and will fully reimburse the affected funds.”

This is a breaking story. It will be updated.

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