Poloniex wallets drained of as much as $100 million in crypto assets

Cryptocurrency exchange suffered unauthorized withdrawals beginning at around 5:30 am ET Friday.

The withdrawals from Poloniex include millions of dollars worth of ether (ETH), tron (TRX) stablecoins (USDT/USDC) and chainlink (LINK), plus more than 250 other tokens with aggregate values between $1,000 to $800,000 at the time of the theft.

A total of $23 million remains in the attacker’s primary wallet, but much of the haul has been transferred elsewhere, including $11 million in USDT, exchanged for ether.

Security firm PeckShield first reported the suspicious transactions. Justin Sun, a major investor in Poloniex confirmed the incident on X:

“Poloniex maintains a healthy financial…

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