Hacker Returns Stolen Funds to Huobi Crypto-Exchange
A hacker who stole 5,000 ETH (equivalent to $8 million) from the crypto-exchange Huobi in September has returned the stolen funds. In return, the hacker received a 250 ETH white hat bonus, worth $400,000.
Justin Sun Confirms Return of Stolen Funds
Justin Sun, co-founder of Tron and advisor to Huobi, confirmed the return of the stolen funds. He shared the news with his followers and reassured them that Huobi had managed to cover its losses and resume normal trading operations.
Huobi’s Rebranding to HTX
In mid-September, Huobi rebranded itself as HTX to better cater to its English-speaking user base and elevate its global presence. Justin Sun aims to position HTX as a powerhouse in digital asset trading and wants to move away from the China-dominated image associated with Huobi.
Sun plans to work with governments in various regions, including Lithuania, Dubai, Australia, Argentina, and Brazil, to expand HTX’s reach. This strategic move aims to establish HTX as a leading player in the growing world of cryptocurrency trading.
Hot Take: Hacker Returns Stolen Funds to Huobi
The hacker who stole 5,000 ETH from Huobi in September has returned the stolen funds, amounting to $8 million. In exchange, the hacker received a white hat bonus of 250 ETH, worth $400,000. Justin Sun, co-founder of Tron and advisor to Huobi, confirmed the return of the funds and reassured users that Huobi had covered its losses.
This incident highlights the importance of strengthening blockchain security and protecting user assets. Huobi’s rebranding to HTX demonstrates its commitment to expanding its global presence and catering to English-speaking users. With plans to collaborate with governments in different regions, HTX aims to transcend its China-dominated image and become a major player in the digital asset trading industry.
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