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/biz/ - Business & Finance

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56620108 No.56620108 [Reply] [Original]

It's over CryptoBros, they lost 65M of customers money
>Justin Sun’s exchange, Poloniex, appears to have been the victim of a major hack, with an estimated $65 million worth of crypto stolen from the platform's wallets
>Data from on-chain analytics firm Arkham shows that an Ethereum wallet associated with the hacker sent a total of $65 million worth of tokens from Poloniex wallets in over 300 transactions. Additionally, a Tron wallet linked to the hacker sent approximately $42 million worth of cryptocurrency to other wallets.
>Poloniex officially acknowledged the incident roughly 15 minutes after it was first detected, tweeting that the exchange's wallets had been temporarily disabled for maintenance.
https://coinmarketcap.com/academy/article/poloniex-hacked-justin-sun-owned-exchange-loses-dollar65-million-in-security-breach

>> No.56620139

>>56620108
how can i profit from this?

>> No.56620173

>>56620108
>PLZ NO POLICE YET!!!!!....DO NOT INVESTIGATE RN!!!!!!
obvious rug.

>> No.56620175

>>56620108
treat exchanges like whores. get in, do your business and get out

>> No.56620179

>>56620108
>please send the money to us in 7 days and we won’t contact authorities I am definitely not justin we don’t need to contact the authorities believe meeeee
>see the hacker returned the funds I guess we don’t need to contact the authorities hahaha that was lucky

>> No.56620192

>>56620108
Who?

>> No.56620264
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56620264

>>56620192
One of the bigger crypto exchanges

>> No.56620305

>>56620108
Should have kept his reserves in Solana, they could have switched off the network.

>> No.56620352

>>56620179
notice the hack "SUDDENLY" happens when bull run starts again and clients want to access their funds
(hint: he pissed them away over last 2 years keeping up his "lifestyle" and all that was left was just entries in a mysql db)

>> No.56620368

They banned US customers years ago. My account got closed and they took the crypto I was holding. Better it goes to 1337 hackers than the crooks running the exchange.

>> No.56620370
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56620370

We couldn't even get a week into the bullrun without a black swan event

>> No.56620413

>>56620368
You shouldn't keep crypto on exchange unless you're actively trading it. They're not banks.

>> No.56620481
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56620481

>HACKED
The Hacker:

>> No.56620498

>>56620368
Uhh that's the same person

>> No.56621204

>>56620108
It wasn’t hacked. Justin has been using funds to pump his own shit. This was obvious.

>> No.56621259

>prices of other assets unexpectedly go up by A LOT
>poloniex was one of the few exchanges that had Kaspa, which went up massively recently
>>56621204
Yeah, I'm thinking he was selling other assets to prop up his own and now realized he can't cover withdrawals anymore, so... staged hack time

>> No.56621265

>>56620139
Short TRX and SUN as hard as you can right fucking now

>> No.56621305
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56621305

>>56620352
>trusting anyone
Aye. Don't keep your tokens on a CEX dummies. When will they learn?

>> No.56621312

>>56621265
>TRX starts mooning the moment the 'hack' happened
where do you think the 'hacked' funds went? lol

>> No.56621339

>>56621312
Exactly, the fundus have been pumped into TRX leaving it artificially high and exposed for a pull back

>> No.56621454

Daily reminder that this happened to stop Link from dethroning TRX and getting to the top 10.

>> No.56621474

I know this might not sound right but an anon warned us about something like this happening on the 10th. Something related to a dead mans switch released by an unhinged sam bankman fried did this.

>> No.56621485

poloniex was good in 2015-2017

>> No.56621561

>>56620370
CEXs dying isn't a black swan - it doesn't undermine market sentiment in the underlying technology. It's usually a bearish event because lots of liquidity is about to get dumped on the market (Hackers rarely hodl), but the market will recover.
$65M isn't all that much in the grand scheme of things, if it were all bitcoin (it isn't), it's 0.009% of the total btc supply. In terms of aggregate crypto market cap, it's about 0.004%.

>> No.56622104

>>56621561
>Hackers rarely hodl
They would hold if they could in most cases but you gotta dump fast and begin the cleaning process before shit begins to get flagged and frozen. Wait long enough and all that btc or eth you stole becomes impossible to use