Poloniex prepares to resume shutdown after $100M hack

Cryptocurrency exchange Poloniex is preparing to resume withdrawals and deposits after the November 10 hack of $100 million.

To X (formerly Twitter) on November 29, 2010 to announce that Poloniex will gradually resume deposit and withdrawal services on November 30 at 02:00 am UTC.

The crypto exchange stressed that it will implement a phased reset to “prioritize security” of user funds. Poloniex will specifically begin restoring Tron (TRX) deposits and withdrawals first, followed by Bitcoin (BTC), Ether (ETH), Tether (USDT) and other cryptocurrencies “over the next two weeks,” the announcement said.

In addition to restoring funds, Poloniex said it is actively working on introducing new listings in the near future. The exchange has requested all users to use the newly updated deposit addresses once available. The advertisement reads:

“Please note that failure to use the updated addresses for deposits will result in the funds not being credited. We apologize for any inconvenience this may cause and appreciate your understanding.

In the same announcement, Poloniex promises to conduct an airdrop for users who place their assets on Poloniex. The AirDrop campaign, developed in partnership with HTX DAO, is expected to start in December, with asset calculations starting on December 1st. Tron founder Justin Sun announced the airdrop plan earlier on November 24.

Related: Crypto exchange HTX restores Bitcoin services after $30M hack

“Airdrop tokens will be taken from a premium project that is about to be listed. We will provide specific details of this event in December,” the announcement said.

In addition to prioritizing the launch of Tron, founded by Justin Sun, Poloniex also tagged the entrepreneur in the announcement. Sun-related crypto platforms, including HTX and Poloniex, have been hacked four times in the past two months, costing them nearly $240 million. .

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