HTX Exchange Hit with $8 Million Hack
HTX exchange, owned by Justin Sun, has fallen victim to a hack resulting in the theft of nearly 5,000 Ethereum (ETH), amounting to $8 million.
Justin Sun Provides Assurance
Justin Sun took to Twitter to address the community about the hack and assured users that their funds were safe. He stated that HTX had covered the losses and resolved all related issues. Sun emphasized that all user assets were secure and that the platform was operating normally. He also downplayed the impact of the hack, stating that the stolen amount was relatively small compared to HTX’s total assets.
Cyvers Alerts Informs Users
Cyvers Alerts, a blockchain security alert platform, notified users about the hack before Sun’s announcement on Twitter. Despite attempts to reach out to HTX, Cyvers Alerts received no response from the exchange.
Jokes About Rebranding
The hack occurred shortly after Huobi rebranded to HTX, which led some community members to make jokes about it. Even Changpeng Zhao, CEO of Binance, joined in on the fun and offered assistance in tracking the hacker’s funds.
Other Recent Hacking Incidents
This month has seen several significant hacking incidents targeting crypto platforms. Just a day before the HTX hack, hackers stole over $200 million from Mixin Network. Prior to that, CoinEx lost $27 million to hackers.
Hot Take: Heightened Concerns Over Crypto Security
The recent string of hacking incidents raises concerns about the security of cryptocurrency exchanges and platforms. As hackers continue to target these platforms, it becomes increasingly important for users to prioritize security measures and choose reliable exchanges. The crypto industry must also work together to enhance security protocols and prevent future breaches.
By
By
By
By
By