HTX Announces Resumption of Operations After Hack
Cryptocurrency exchange HTX, formerly known as Huobi, has announced the resumption of its withdrawal and deposit services following a recent hack. Although the specific time for the resumption has not been provided, HTX has confirmed that it will take place later today.
Hack Appropriately Handled, Compensation Promised
HTX stated that the recent hack has been appropriately handled, leading to the suspension of its services to prevent further losses. The company has also reiterated its commitment to compensate users for their losses. The funds lost in the hack were described as “small” compared to the platform’s total funds, and HTX assured users that its operations remain unaffected.
Exploit Results in Over $100 Million in Losses
Last month, HTX and Heco Chain experienced an exploit that resulted in over $100 million in losses. On-chain investigator Cyvers Alerts detected the transactions and alerted HTX. According to Cyvers Alerts, HTX lost around $23 million, while Heco Chain lost over $85 million.
Company Advisor Confirms Hack and Ensures Prevention
HTX advisor Justin Sun confirmed the hack on X (formerly Twitter) and provided more information about how the company is handling it. This exploit comes after an $8 million attack on HTX in October, where all losses were compensated. HTX has expressed its commitment to preventing future hacks and prioritizing customer well-being.
Hot Take: HTX Takes Swift Action Against Recent Hack
The recent hack on cryptocurrency exchange HTX resulted in significant losses. However, the platform quickly responded by suspending its services and appropriately handling the situation. By reassuring users about compensation and maintaining the normal operation of the platform, HTX demonstrates its commitment to customer satisfaction and security. Moving forward, HTX aims to prevent such hacks from occurring in the future and ensure the well-being of its customers remains a top priority.
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