HTX Crypto Exchange Resumes Bitcoin Functionality After $30M Exploit
Summary:
HTX, a cryptocurrency exchange connected to Justin Sun, has resumed Bitcoin deposits and withdrawals following a $30 million exploit on November 22. The exchange also reinstated these functions for currencies such as Ether, Tron, and Tether. The attack on HTX is part of a series of hacks on Sun-controlled platforms, with a total of $86.6 million stolen from HTX Eco Chain bridge on the same day. Additionally, a Sun-owned exchange Poloniex suffered a $100 million exploit earlier in November.
Cryptocurrency exchange HTX, associated with Justin Sun, has reinstated the deposits and withdrawals functionalities for Bitcoin (BTC), following a damaging $30 million exploit incident on November 22. In a statement issued on November 26, HTX announced that it has restored these functions for several digital currencies, including BTC, Ether (ETH), Tron (TRX), and Tether (USDT). Taking to Twitter, Justin Sun stated that the phased reestablishment of functionalities for the remaining cryptocurrencies should be achieved by next week. An estimated $30 million was pilfered from the exchange's hot wallets in what was a series of four hacks over the course of two months involving platforms connected or controlled by Sun. The same day saw an $86.6 million attack on HTX Eco (HECO) Chain bridge – comprised of HTX, Tron, and BitTorrent, all of which are Sun-tied or -controlled. In a related narrative, the Sun-controlled cryptocurrency exchange Poloniex fell victim to an $100 million exploit on November 10, which, according to blockchain security firm CertiK, likely resulted from a private key compromise. Soon after Huobi underwent a rebranding to become HTX on September 24, a malicious actor managed to steal near $8 million in crypto from the exchange's hot wallet.
Published At
11/27/2023 1:14:06 AM
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