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Justin Sun’s Poloniex reportedly loses over $60M

Justin Sun’s crypto exchange – Poloniex – has reportedly fallen victim to a theft. This has resulted in the platform incurring a loss of over $60 million, according to Colin Wu. This incident was also confirmed by Peckshied, a blockchain security and data analytics company. So far, the crypto exchange has lost money in several cryptocurrencies, including Link, TRX, and TUSD.

According to the exchange’s latest Twitter post, Poloniex’s wallet “has been disabled for maintenance.” The platform, however, did not mention the root cause for the suspension and there has been no official mention of a hack. The founder of Tron and owner of Poloniex – Justin Sun has also not spoken about the incident on his social media platform.

The story is still developing…

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