HTX (formerly Huobi Global) suffered an $86.6 million attack on the HECO Chain bridge on November 22, with an estimated loss of $13.6 million.
According to a report by blockchain security firm Cyvers, the loss Dry From three stolen hot wallets containing user and exchange assets exchanged Ethereum (ETH) and then distributed to various Ethereum addresses. Among other coins and tokens, 1,240 ETH, 7.3 million USDT (USDT), 1.78 million USD Coin (USDC) and 62,200 LIN (LINK) were depleted during the attack, Cyvers said.
Justin Sun, the actual owner of HTX and founder of Tron and BitTorrent (two related entities), said shortly after the exploit, “HTX will fully compensate HTX for the loss of its hot wallet. Deposits and withdrawals are suspended. All HTX funds are safe and the community rest assured.”
HTX and Heco cross-chain bridges were attacked by hackers. HTX will fully compensate HTX hot wallet losses. Deposits and withdrawals are suspended. All HTX funds are safe and the community can rest assured. We are investigating the exact cause of the hack…
— HE Justin Sun Sun Yuchen (@justinsuntron) November 22, 2023
Earlier in the day, $86.6 million was stolen from HECO Chain Bridge (a cross-chain bridge created through the 2020 merger of the Tron and BitTorrent ecosystems) from an allegedly compromised blockchain operator.
In September, HTX was hacked in another hot wallet vulnerability and lost $8 million. At that time, Sun also claimed that “all user assets are SAFU and the platform is operating completely normally.” The hack occurred less than a month after the name change from Huobi Global to HTX was announced during Token2049 in Singapore.
Nansen data programme Wallets identified as belonging to HTX hold a total of $2.08 billion in user and business assets.In the past 24 hours, the exchange have Spot trading volume reached $1.3 billion.
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