Crypto Exchange HTX to Resume Operations After $13.6 Million Hack

HTX Promises Full Compensation and Guarantees Safety of User Funds

Crypto exchange HTX, formerly known as Huobi Global, has announced that it will resume deposits and withdrawals within 24 hours following a $13.6 million exploit on November 22nd. The exchange has assured users that it will fully compensate for the losses caused by the attack and guarantee the safety of their funds. HTX developers have stated that the amount of funds lost in the incident represents a small portion of the platform's total funds and that its normal operations were not affected.

Orchestrated Attack on HTX Eco Chain Bridge

The hack on HTX was part of a larger orchestrated attack on the HTX Eco (HECO) Chain bridge, which involved a total of $86.6 million. The attack targeted HTX, Tron (TRX), and BitTorrent (BTT), all of which are linked or controlled by Chinese blockchain entrepreneur Justin Sun. This marks the fourth time in two months that HTX and Sun-linked entities have been hacked.

Commitment to Security

HTX has emphasized its commitment to protecting user assets and ensuring information security. The exchange has pledged to take all necessary measures to prevent similar incidents from occurring in the future. Justin Sun has stated that an investigation is underway to determine the cause of the hacker attack, and once the investigation is complete, services will resume. Additionally, a $10 million white hat bounty for the return of stolen funds from the $100 million Poloniex exploit (also linked to Sun) remains open.