Poloniex to Resume Withdrawals Starting With TRX After $100M Hack
Cryptocurrency exchange Poloniex announced today that it will begin gradually resuming withdrawal and deposit services starting November 30. This comes after the platform suffered a major hack on November 10 resulting in an estimated $100 million loss.
In a recent X post, Poloniex said it will first re-enable deposits and withdrawals for TRX, the native token of the Tron blockchain founded by Justin Sun. Tron support will go live at 2 AM UTC on November 30. Over the next two weeks, Bitcoin, Ether, Tether, and additional cryptocurrencies will be reintroduced on a phased schedule to ensure the safety of user funds.
Poloniex advised users to only deposit to the newly updated wallet addresses once live, warning that funds sent to old addresses may not be credited. The exchange likely implemented new wallets as a precaution following the exploits.
