HTX to restore services within ’24 hours’ after $13.6M hack
Crypto exchange HTX, formerly Huobi Global, will resume deposits and withdrawals after suffering a $13.6 million exploit in 24 hours.
According to the official announcement, the exchange “promised to fully compensate for the losses caused by this attack and guarantee 100% security of the user's funds.” In addition, developers wrote that “at this time, the amount of money lost by Huobi HTX is very small, the total money of the platform” HTX “normal operations” were not affected by the accident.
A day earlier, Huobi suffered a $13.6 million hack of its hot wallet as part of an $86.6 million attack on the HTX Eco (HECO) chain bridge, which includes HTX, TRON (TRX), and BitTorrent (BTT). All three entities are linked or facto owned by Chinese blockchain entrepreneur Justin Sun.
As in previous incidents, HTX said it is our utmost responsibility to protect the security of user assets and information, and we will take all necessary measures to prevent such incidents from happening again. In the past two months, entities connected to HTX and Justin Sun have been hacked four times. The largest was the $100 million Poloniex exploit on November 10 with a transparent private key agreement.
Since then, Sun said, “We are investigating the specific reasons for the hacker attack. We will continue the services once we have completed the investigation and found out the cause.” A $10 million White Hat reward is open at the time of publication to recover funds stolen in the $100 million Poloniex exploit.
Related: Huobi's New Name HTX Raises Community Eyebrows
