HTX Exchange Reports Security Breach and Ethereum Loss
Justin Sun, founder of Tron and advisor of HTX exchange, announced on social media that the exchange had been hacked. According to Sun, HTX suffered a loss of 5,000 ETH (approximately $8 million USD) due to the attack. However, he assured users that the platform had fully covered the losses and resolved all related issues. Sun also shared the ethereum addresses associated with the hacker and revealed that $6.3 million was located in one of the wallets.
Immediate Action Taken to Secure Funds
Sun stated that the hack was detected immediately after it occurred and swift action was taken to prevent further losses. He emphasized that all user funds were secure and trading operations continued without interruption. The platform was restored to its normal state promptly.
Reward Offered for Stolen Funds Return
In an effort to retrieve the stolen funds, HTX is offering a reward of 5% of the amount ($400,000) as a white hat incentive. Sun expressed the possibility of hiring the hacker as a security consultant if they returned the money within seven days. However, if the funds are not returned, HTX will involve law enforcement and pursue legal action against the hacker.
Security Breaches in Decentralized Exchanges
Mixin, another decentralized exchange platform, recently experienced a security breach resulting in a loss of $200 million in cryptocurrency assets.
Hot Take: HTX Exchange Takes Swift Action After Security Breach
The recent security breach at HTX exchange led to a significant loss of Ethereum. However, Justin Sun’s quick response ensured that user funds remained secure and trading operations continued without interruption. HTX has covered all losses and resolved the issues related to the hack. The exchange is now offering a substantial reward for the return of the stolen funds, with the possibility of hiring the hacker as a security consultant. This incident highlights the ongoing risks faced by decentralized exchanges and the importance of robust security measures to protect user assets.
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