Justin Sun Offers 5% Reward for Hackers That Stole $8,000,000 From Crypto Exchange HTX
Tron (TRX) founder Justin Sun is willing to offer a 5% reward to the hackers who stole approximately $8 million worth of Ethereum (ETH) from the newly rebranded exchange HTX. Sun claims to be an advisor for Huobi, the Seychelles-based trading giant that HTX is associated with. Although it is unclear whether Sun has an ownership stake in HTX, he has reportedly used a significant portion of his personal fortune to support the exchange.
The hack occurred over the weekend, resulting in the theft of around 4,999 ETH valued at $7.9 million. However, Sun asserts that HTX has fully covered the losses and resolved all issues related to the incident. He states that the stolen amount represents a small sum compared to the $3 billion in assets held by HTX users and just two weeks’ revenue for the platform.
In response to the hack, Sun is offering a white hat reward of 5% of the stolen funds (equivalent to $400,000) to encourage the hacker to return the money. Additionally, if the hacker returns the funds, they will be hired as a security white hat advisor for HTX. However, if the funds are not returned within a week, Sun plans to report information about the exploit to law enforcement.
Hot Take: Tron Founder Offers Reward for Stolen Funds
Tron founder Justin Sun is taking action after hackers stole millions of dollars’ worth of Ethereum from crypto exchange HTX. In an effort to recover the stolen funds, Sun is offering a 5% reward and even considering hiring the hacker as a security advisor if they return the money. This move demonstrates Sun’s commitment to protecting user funds and deterring future hacking attempts. However, if the hacker does not comply within a week, Sun plans to involve law enforcement. This incident highlights the ongoing security challenges faced by cryptocurrency exchanges and the importance of implementing robust security measures to safeguard user assets.
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