Poloniex says hacker’s identity is confirmed, offers last bounty at $10M

An on-chain message shared by blockchain security company PeckShield on social media shows Poloniexs message to the hacker. According to the exchange, it has already confirmed the hackers identity. Even though it validated the hackers identity, the exchange gave the hacker a possibility to return the funds by Nov. 25 and get a $10 million white hat reward.

Crypto exchange Poloniex just recently published a message to the hacker responsible for taking over $100 million in digital possessions from one of its wallets, saying that it has recognized the individual and is giving the criminal a chance to return the properties in exchange for a $10 million bounty. An on-chain message shared by blockchain security company PeckShield on social media shows Poloniexs message to the hacker. According to the exchange, it has already verified the hackers identity. The exchange further highlighted that it is working with various law enforcement firms from the United States, Russia and China. Poloniex pointed out that the stolen funds are already marked and can not be used. Even though it confirmed the hackers identity, the exchange provided the hacker a chance to return the funds by Nov. 25 and get a $10 million white hat reward. However, if the funds are not returned, police will do something about it. On-chain message from Poloniex to the hacker. Source: PeckShieldWhile the message shows that the hacker is recognized, some community members are skeptical about the new advancement. In a post on X (formerly Twitter), a neighborhood member stated that the exchange would not need to include the police in 3 various nations and send the same message in 15 various languages if the hacker is already recognized. Related: Hacks, exploits and rip-offs stole almost $1B in 2023: ReportThe hack happened earlier in November when a crypto wallet belonging to Poloniex had suspicious outflows. On Nov. 10, different blockchain security companies identified that more than $100 million was drained pipes from the exchanges wallet. In action to the attack, Poloniex disabled the wallet for upkeep. In addition, the exchange also used a 5% bounty for the return of the funds. On Nov. 15, the exchange resumed withdrawals after getting the help of a security auditing firm to enhance its security. Magazine: $3.4 B of Bitcoin in a popcorn tin: The Silk Road hackers story