In a Nov. 22 post from the cybersecurity firm Cyvers Alerts, it was reported that a suspicious address received $12.4 million from the HTX exchange.

At the same time, another address accumulated approximately $85 million from the HECO Chain bridge, both linked to Justin Sun’s business ventures.

The alert suggests that Justin Sun’s Poloniex, a prominent cryptocurrency exchange, is now facing the results of a loss of more than $100 million in various cryptocurrencies.

Additional data from Arkham Intelligence highlights that HECO Chain Bridge transferred a large number of Tokens to the empty address 0xFc146D1CaF6Ba1d1cE6dcB5b35dcBF895f50B0C4, including 42.11 million USDT, 10,000 ETH, 489 BTC and other assets exceeding US$84 million.

USDT and BTC were transferred to DEX, such as Uniswap and 1inch, converted to ETH, and sent to new addresses in the fourth recent theft of Justin Sun projects.

Just under two weeks earlier, the cryptocurrency exchange Poloniex suffered another attack on its hot wallets, which resulted in the loss of over $120 million in crypto assets across the Bitcoin, Ethereum, and Tron networks.

In response, Justin Sun took to Etherscan with the announcement of a white $10 hat reward million for the return of the stolen funds.

Unfortunately, being that is just one string of events; many investors are now being urged to proceed with caution for the ongoing code red.

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