Crypto exchange HTX, formerly known as Huobi Global, has announced that it will resume deposits and withdrawals within 24 hours after suffering a $30 million exploit on November 22nd. The exploit was reportedly worth $13.6 million at the time of the incident, but has since increased in value.
In its announcement, the exchange promised to “fully compensate for the losses caused by this attack and ensure 100% security of user funds.” Additionally, it said, “The amount Huobi HTX lost this time represents a very small portion of the platform’s total funds,” noting that HTX’s “normal operations” were not affected by the incident .
The day before, HTX suffered a $30 million hack on its exchange hot wallets as well as an orchestrated $86.6 million attack on the HTX Eco (HECO) chain bridge consisting of HTX, Tron and BitTorrent. All of the above companies are affiliated with or de facto controlled by Chinese blockchain entrepreneur Justin Sun.
As with previous incidents, HTX stated that “protecting user resources and information security is our highest responsibility and we will take all necessary measures to prevent such incidents from recurring.” Over the past two months, HTX and others with Sun affiliated companies hacked four times. The largest was the $100 million Poloniex exchange exploit on November 10, which was caused by an apparent private key compromise.
Sun has since stated: “We are investigating the specific reasons for the hacking attack. Once we have completed the investigation and determined the cause, we will resume service.” A white hat bounty of $10 million for the Return of stolen funds in the $100 million Poloniex exploit is still pending at the time of publication.
Related: Huobi’s new name, HTX, is causing a stir in the community
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