How the $100M Hack Could Shape the Future of Web 3.0

Poloniex Resumes Withdrawals and Deposits After $100-Million Hack

Poloniex announced on X (formerly Twitter) that it will be gradually resuming deposit and withdrawal services on Nov. 30 at 2:00 am UTC in order to prioritize the safety of user funds. Initially, Poloniex will be restoring Tron (TRX) deposits and withdrawals, followed by Bitcoin (BTC), Ether (ETH), Tether (USDT) and other web 3.0 cryptocurrencies within the next two weeks.

The crypto exchange is also actively working on introducing new listings, which will be available in the near future. Additionally, users are requested to utilize the newly updated deposit addresses once they become available.

Poloniex’s resumption of services is a step towards the future of web 3.0, as the exchange is taking the necessary steps to ensure that users are able to access their funds securely. The exchange’s move to restore withdrawals and deposits is a positive step towards the adoption of web 3.0 tokens and DAOs.

The Future of Web 3.0 and DAO Airdrop

In November, Justin Sun, the founder of Tron, announced an airdrop plan to reward users who keep their assets on Poloniex. Developed in partnership with HTX DAO, the airdrop campaign is expected to launch in December, with asset balance calculation commencing on Dec. 1.

“The tokens for the airdrop will be drawn from a premium project that is about to be listed. We will unveil the specific details of this event in December,” the announcement notes.

In addition to prioritizing Justin Sun-founded Tron for withdrawals, Poloniex also announced the launch of web 3.0, a decentralized application platform. This platform will be used to list top web 3.0 tokens, such as Metaverse, and will be a key part of the future of web 3.0.

Sun-linked crypto platforms, including HTX and Poloniex, have been hacked four times over the past two months, losing nearly $240 million combined.