HTX Global, formerly known as Huobi, faced a security breach Monday resulting in a loss of approximately $8 million in Ethereum (ETH) due to a hacker attack.\u00a0<\/span>The incident came to light through a detailed thread<\/span> on the X platform (formerly Twitter) by Justin Sun.<\/span><\/p>\n \u201cHTX has suffered a loss of 5,000 ETH ($8 million) due to a hacker attack. HTX has fully covered the losses incurred from the attack and has successfully resolved all related issues. All user assets are SAFU, and the platform is operating completely normally.\u201d <\/i>Wrote Sun sharing the hacker\u2019s addresses.<\/span><\/p>\n <\/p>\n Despite the significant sum involved, Sun emphasized that this loss represented a relatively small portion of the platform\u2019s total assets, which amounted to a staggering $3 billion. He added, \u201cIt also amounts to just two weeks\u2019 revenue for the HTX platform.\u201d<\/i><\/span><\/p>\n<\/blockquote>\n As per Sun, the breach was swiftly detected by HTX\u2019s security team on September 24, 2023, at 6 p.m. SGT and immediate action was taken to prevent any further losses. Cyvers Alerts, an onchain security firm, reported<\/span> having previously identified suspicious transactions linked to the Mixin network, which recently<\/a> experienced a substantial loss of $200 million<\/span>. These transactions were traced back to HTX and Binance. However, despite their efforts to reach out to HTX, they <\/span>received no response.<\/span><\/p>\n <\/p>\n Justin Sun Assures Users of Funds\u2019 Safety<\/b><\/span><\/p>\n <\/p>\n That said, HTX announced a white hat reward of 5% of the stolen amount, equivalent to $400,000, as an incentive for the hacker to return the stolen funds. Additionally, they offered to hire the hacker as a security white hat advisor if the funds were returned voluntarily.<\/span><\/p>\n However, Sun made it clear that if the funds were not returned within seven days, they would cooperate with law enforcement authorities to pursue legal action against the hacker.<\/span><\/p>\n<\/blockquote>\n H.E. Justin Sun is the Founder of TRON and advisor to HTX.\u00a0 <\/span>HTX Global rebranded on September 13, 2023, with a mission to expand its global roadmap by venturing into new markets while focusing on growth, profitability, and partnerships with various blockchain projects and stablecoin initiatives. Notably, the latest incident has been its largest security breach since rebranding.<\/span><\/p>\n <\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <!– <\/p>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n –><\/p>\n –><\/p>\n Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO’s in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114<\/a> and reach out to him at sunil (at) coingape.com <\/p><\/div>\n<\/p><\/div>\n The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n <!– <\/p>\nHTX Hacked, Damage Analysis<\/h2>\n
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