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Poloniex’s $120M Heist: Justin Sun Vows Action In Crypto Hack Fallout

Tron (CRYPTO: TRON) founder Justin Sun’s promoted crypto exchange Poloniex has reportedly experienced a security breach in one of its wallets, identified as ‘Poloniex 4’ on Etherscan, leading to a loss of over $120 million. This incident has raised concerns among users and industry observers, particularly as discussions about digital asset security are expected at Benzinga’s Future of Digital Assets conference on Nov. 14. The breach was marked by unusual outflows from what is presumed to be the exchange’s hot wallet, hinting at a significant financial impact. However, the exact extent of the l…