The cryptocurrency exchange Poloniex decided to gradually reinstate deposit and withdrawal operations to prioritize the security of user funds after the 100 million dollar attack that occurred on November 10th.

On November 29th, Poloniex announced on Twitter that they will be gradually starting deposit and withdrawal services at 2:00 (UTC) on November 30th. The exchange will activate deposit and withdrawal operations, particularly in the first stage, and will make Bitcoin and other cryptocurrencies available in the next two weeks.

Poloniex also mentioned that it continued its work for new listings to be made available in the near future, and warned users that unless they follow these steps and use the updated deposit addresses, funds will not be transferred to their accounts. The exchange apologized for any possible inconvenience in this regard and expressed its appreciation for the understanding of its users.

In the same announcement, Poloniex, stated that there is an airdrop plan for users who have assets on the platform. The airdrop campaign developed in collaboration with HTX DAO is planned to start in December and the calculation of asset balances is planned to take place on December 1st. Tron’’s founder Justin Sun, had announced the airdrop plan earlier on November 24th.

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The post Poloniex Decides to Restart Deposit and Withdrawal Operations appeared first on Coin Engineer.

The cryptocurrency trading platform, Poloniex, confirmed who was responsible for stealing more than 110 million dollars from the platform. Users who are always anxious because of such activities have learned that the thief was determined by the Chinese, U.S., and Russian police, and the stolen funds were identified and could no longer be used.

The head of Poloniex, Justin Sun, made a statement regarding the situation, stating they would give the thief a 10 million-dollar white-hat hacker reward if the stolen amount is returned by November 25, 2023. He also stated that in the contrary case, police forces from many countries would be ready to take action.

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Previously, there were suspicions that North Korean hackers were behind the attack, which made the recovery efforts more complex. Poloniex announced to comfort its users that the services for deposit and withdrawal will continue in the upcoming week.

Justin Sun initially offered the thief 5% of the originally stolen amount. However, when the thief refused this offer, the proposal, along with its financial value, was increased to 11.4 million dollars. However, it’s worth noting that in such events, thieves are generally held legally accountable, even if they win the reward. They can be sentenced to imprisonment with severe charges in the court they will be brought up.

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