HTX Sustained Losses in HECO Chain Bridge Exploit
If you are a user or part of the HTX exchange, you may have been affected by the recent exploit that caused an estimated loss of $13.6 million due to the HECO Chain bridge exploit.
HTX Losses and Response
The losses are linked to three compromised hot wallets, with users and exchange assets exchanged for Ether and distributed to various Ethereum addresses. The attack drained 1,240 Ether (ETH), 7.3 million Tether (USDT), 1.78 million USD Coin (USDC), and 62,200 Chainlink (LINK), among other coins and tokens. The founder of Tron and BitTorrent, Justin Sun, stated that HTX will fully compensate for the losses incurred from the exploit. Deposits and withdrawals have been temporarily suspended, but Sun reassured customers that all funds in HTX are secure.
History of Hacks and Present Assets
Unfortunately, this is not the first time HTX has been targeted, as it was previously hacked in another hot wallet exploit. However, data shows that wallets identified as belonging to HTX hold a combined $2.08 billion in user and corporate assets, with $1.3 billion in spot trading volume within the past 24 hours.
Hot Take: HTX Still Reassuring Users Despite Exploits
In conclusion, despite the hackers’ exploitation and the recurring hacks, HTX is still working to reassure users and protect assets, proving the platform’s commitment to mitigating the impacts of such attacks.
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