HTX to restore services ‘within 24 hours’ after .6M hack

Cryptocurrency exchange HTX (formerly Huobi Global) will resume deposits and withdrawals within 24 hours after suffering a $13.6 million attack on November 22.

According to its official introduction announcementThe exchange promises to “fully compensate for the losses caused by this attack and 100% guarantee the safety of user funds.” In addition, the developer wrote that “the amount of funds lost by Huobi HTX this time accounts for a very small proportion of the platform’s total funds,” noting that HTX’s “normal operations” have not been affected by the incident.

The day before, the Huobi Exchange hot wallet suffered a $13.6 million hack, which was an orchestrated attack worth $86.6 million on the HTX Eco (HECO) chain bridge composed of HTX, Tron (TRX) and BitTorrent (BTT). part of the attack. All three entities are linked to or actually controlled by Chinese blockchain entrepreneur Justin Sun.

As with previous incidents, HTX stated that “protecting user assets and information security is our highest responsibility, and we will take all necessary measures to prevent such incidents from happening again.” Entities related to HTX and Justin Sun have been hacked four times in the past two months. The largest of these was the $100 million Poloniex breach on November 10 due to an apparent private key leak.

Sun has since said, “We are investigating the specific cause of the hack. Once the investigation is complete and the cause is identified, we will restore services.” As of the time of publication, $10 million in funds stolen in the $100 million Poloniex exploit has been returned The US$ white hat reward remains outstanding.

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