HTX Exchange Resumes Cryptocurrency Services Following $30 Million Hack
Digital asset exchange HTX has restored its deposit and withdrawal services for major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) after suffering a $30 million hack. In an announcement on November 26, HTX stated that certain virtual assets can now be accessed via the ERC20 blockchain, with more services set to resume soon.
Airdrop and Security Measures
The exchange also mentioned an upcoming airdrop designed to encourage community participation. The airdrop will benefit users holding Rockets, with ticket values multiplied for those who hold top assets like HT, BTC, and ETH.
To address the hack and prevent future incidents, HTX emphasized its commitment to maintaining 100% reserves and pledged to bolster security measures.
Justin Sun’s Statement
In related news, HTX advisor Justin Sun confirmed that major cryptocurrencies such as BTC, ETH, TRX, and USDT are fully operational on the platform. He expects the restoration of all other currencies by next week.
Series of Hacks
Last week’s attack on HTX marked the fourth incident involving platforms associated with Justin Sun. Previously, the HECO bridge and Poloniex suffered similar hacks, while HTX experienced a prior breach. Sun assured users that all losses would be compensated and suspended deposits and withdrawals until the risks were addressed.
Poloniex also fell victim to a $100 million hack earlier this month. The exchange has offered a white hat bounty of $10 million to recover the stolen assets.
Hot Take: HTX Recovers from Hack with Restored Services
Digital asset exchange HTX has successfully resumed its deposit and withdrawal services for major cryptocurrencies following a $30 million hack. The exchange has taken steps to boost security and restore user confidence, including implementing a planned airdrop and emphasizing its commitment to maintaining 100% reserves. Advisor Justin Sun has provided updates on the restoration of services and compensation for losses. This incident adds to a string of hacks involving platforms associated with Sun, highlighting the need for increased security measures in the crypto industry.
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