{"id":65289,"date":"2023-11-22T17:20:58","date_gmt":"2023-11-22T21:20:58","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=65289"},"modified":"2023-11-22T17:22:08","modified_gmt":"2023-11-22T21:22:08","slug":"justin-suns-crypto-venture-loses-over-100m-in-recent-hack","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/justin-suns-crypto-venture-loses-over-100m-in-recent-hack\/","title":{"rendered":"Justin Sun’s Crypto Venture Loses Over $100m in Recent c"},"content":{"rendered":"\n

The cybersecurity company Cyvers Alerts<\/a> revealed in a post, dated November 22 that a questionable address had obtained $12.4 million from the HTX exchange.<\/p>\n\n\n\n

\"Justin
Justin Sun's Crypto Venture Loses Over $100m in Recent Hack<\/figcaption><\/figure>\n\n\n\n

Simultaneously, another location connected to Justin Sun's business endeavors amassed almost $85 million from HECO Chain bridge. <\/p>\n\n\n\n

When considered as a whole, the notice implies that Poloniex, a well-known cryptocurrency exchange<\/a> run by Justin Sun, is currently dealing with the fallout from a loss of over $100 million in different cryptocurrencies.<\/p>\n\n\n\n

\n

\ud83d\udea8Code Red!\ud83d\udea8 (Ongoing)Our AI powered system has detected multiple suspicious transactions from @HECO_Chain\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> bridge

Suspicious address has received around $85M. Suspicious address: https:\/\/t.co\/JlMClIM7hg<\/use><\/svg><\/span><\/a>

First transaction is 10,145 $ETH<\/use><\/svg><\/span><\/a> from @HECO_Chain\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> bridge to suspicious\u2026 pic.twitter.com\/IwpqXvhCsU<\/use><\/svg><\/span><\/a><\/p>— \ud83d\udea8 Cyvers Alerts \ud83d\udea8 (@CyversAlerts) November 22, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

The HECO Chain Bridge<\/use><\/svg><\/span><\/a> moved a significant amount of Tokens, including 42.11 million USDT, 10,000 ETH, 489 BTC, and other assets worth more than US$84 million, to the empty address 0xFc146D1CaF6Ba1d1cE6dcB5b35dcBF895f50B0C4, according to additional information from Arkham Intelligence.<\/p>\n\n\n\n

This is the fourth recent theft of Justin Sun<\/a> projects in recent memory. USDT and BTC were moved to DEX, such as Uniswap and 1inch, converted to ETH, and transmitted to new addresses.<\/p>\n\n\n\n

Less than two weeks prior, Poloniex, a cryptocurrency exchange, saw yet another attack on its hot wallets, losing approximately $120 million in cryptocurrency assets on the Ethereum, Tron, and Bitcoin networks.<\/p>\n\n\n\n

In retaliation, Justin Sun announced on Etherscan that a $10 million white hat reward would be paid for recovering the embezzled money. Unfortunately, many investors are now being advised to proceed cautiously due to the continuous code red, as that is just one incident in a series of them.<\/p>\n","protected":false},"excerpt":{"rendered":"

The cybersecurity company Cyvers Alerts revealed in a post, dated November 22 that a questionable address had obtained $12.4 million from the HTX exchange. Simultaneously, another location connected to Justin Sun’s business endeavors amassed almost $85 million from HECO Chain bridge. When considered as a whole, the notice implies that Poloniex, a well-known cryptocurrency exchange […]<\/p>\n","protected":false},"author":43,"featured_media":65291,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11476],"tags":[1496,17325,5291],"class_list":["post-65289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hacks-and-scams","tag-hack","tag-htx-exchange","tag-justin-sun"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/croc_1700686130622.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/65289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=65289"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/65289\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/65291"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=65289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=65289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=65289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}