Poloniex Suffers $120M Hack, Tokens Converted to Ethereum and Tron; Justin Sun Pledges Reimbursement, Offers Bounty

The crypto exchange Poloniex, owned by Justin Sun, has been hacked, leading to a loss of over $120 million. The hacker transferred all tokens to new addresses and converted them to Ethereum and Tron Network tokens. In response to the incident, Sun has offered a 'white hat bounty' to the hacker and pledged to fully reimburse the affected funds.