Poloniex was initially tight-lipped, posting on Twitter that they had "disabled for maintenance" an exchange wallet. Justin Sun later updated that they were investigating the "hack incident", and promised to "fully reimburse" the massive theft... somehow. He later tweeted that they would offer a 5% "bounty" to the hacker if they returned the funds within a week, threatening to "engage law enforcement" otherwise.
Poloniex hacked for more than $120 million
Assets including Bitcoin, Ethereum, and Tron's TRX token, priced at more than $126 million, were stolen from Justin Sun's Poloniex cryptocurrency exchange. Researchers are still homing in on the exact amount of funds that were stolen from the company's hot wallets across multiple blockchains, but suffice to say it's a lot.