Huobi Exchange Hacked, 5,000 ETH Stolen
According to reports from Arkham Intel, the Huobi crypto exchange platform (HTX) experienced a hacking incident that resulted in the theft of 5,000 ETH, valued at around $8 million. The hacker moved 1,000 ETH to a separate wallet shortly after compromising the platform and has remained silent since then.
Huobi Resolves Breach and Offers Incentive to Hacker
Justin Sun, the Founder of TRON and an Advisor to Huobi, confirmed the incident on X (formerly Twitter). He stated that HTX had suffered a loss of 5,000 ETH due to the hack but reassured users that all losses had been covered and related issues had been resolved. Sun emphasized that user assets were secure and that the platform was operating normally.
Sun also mentioned that the stolen amount represented a small fraction compared to the total assets held by HTX users and was equivalent to just two weeks’ revenue for the platform. The hack was detected immediately after it occurred, and HTX took swift action to prevent further losses and restore normal operations.
In an attempt to incentivize the hacker to return the stolen funds, HTX offered a 5% white hat reward of $400,000. Additionally, if the funds were returned, the hacker would be considered for a position as a security white hat advisor for HTX. However, if the funds were not returned within seven days, HTX would involve law enforcement authorities for further action.
Hot Take: User Assets Secure Following Huobi Hack
Justin Sun’s statement regarding the recent hack on Huobi’s HTX platform provided reassurance to users that all losses had been covered and related issues had been successfully resolved. Despite the hack, Huobi continues to operate normally, and user assets remain secure. The offer of a white hat reward and potential employment for the hacker demonstrates Huobi’s commitment to resolving the situation while also prioritizing security. While the hack is concerning, it represents a small fraction of HTX’s total assets, showing the resilience of the platform.
Featured image from Shutterstock, chart from TradingView.com
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