Cryptocurrency exchange Poloniex is gearing up to resume withdrawals and deposits after experiencing a $100-million hack on November 10. The exchange took to social media to announce that it will begin the process on November 30 at 2:00 am UTC.
Emphasizing a phased approach to prioritize user fund safety, Poloniex will first resume Tron (TRX) deposits and withdrawals, followed by Bitcoin (BTC), Ether (ETH), Tether (USDT), and other cryptocurrencies within the next two weeks.
The announcement also revealed Poloniex’s commitment to introducing new listings in the near future. Users are urged to use the updated deposit addresses, and failure to do so may result in funds not being credited. Poloniex apologized for any inconvenience and thanked users for their understanding.
Simultaneously, the exchange announced an upcoming airdrop for users who keep their assets on Poloniex. Developed in collaboration with HTX DAO, the airdrop campaign is set to launch in December, with asset balance calculations starting on December 1. Specific details of the airdrop, including the source of tokens, will be unveiled in December.
It’s notable that Poloniex tagged Justin Sun, the founder of Tron, in the announcement on social media. The resumption of withdrawals is strategically starting with Tron, which has been emphasized in recent developments. Justin Sun had previously announced the airdrop plan on November 24.
This announcement comes amid a challenging period for Sun-linked crypto platforms, including HTX and Poloniex, which have collectively experienced four hacks in the past two months, resulting in losses of nearly $240 million. The exchange assures users of its commitment to security measures and ongoing efforts to enhance the platform’s resilience against potential threats.