Hackers Withdraw Crypto Stolen in Exmo via Poloniex

Hackers withdrew $4 million of crypto stolen in Exmo hack through the Poloniex crypto exchange, the exchange confirmed. Poloniex allowed hackers to withdraw $1 million in XRP and $2.8 million in ZEC.

Exmo executives announced that $4 million of stolen assets cannot be recovered due criminals withdrawing the funds through Poloniex.

On Dec. 21, Exmo exchange announced a hack causing freezing all withdrawals from the exchange. The company estimates total losses to be at least $10.5 million in various digital assets.

As previously reported, Exmo’s hack caused the platform to lose about 5% of its total assets. The exchange said that the hack only impacted the exchange’s hot wallets, promising to cover user losses.