Assad Jafri reports:
Poloniex has officially identified the hacker responsible for stealing $120 million from the exchange on Nov. 10 and offered a $10 million white reward if the funds are returned by Nov. 25, according to on-chain data shared by blockchain security firm PeckShield.
Justin Sun, Poloniex’s majority shareholder, sent blockchain messages on the Ethereum network to addresses involved in the hack. Sun’s wallets initiated sixteen transactions, each worth $0.10 in Ethereum, containing the same message in multiple languages.
The purpose of the transaction barrage was to inform the hacker that Poloniex had successfully confirmed their identity and to offer a white hat reward of $10 million.
According to the on-chain message, Poloniex has engaged law enforcement agencies from China, Russia, and the U.S. to take legal action against the hacker if the funds are not returned.
Read more at CryptoSlate.