In a shocking development, the HECO Chain ecosystem has fallen victim to a major security breach, resulting in the unauthorized transfer of over $86.6 million in digital assets. Tron founder Justin Sun has taken immediate action, pledging full compensation for affected users and temporarily halting deposits and withdrawals while a thorough investigation takes place. This incident comes shortly after the recovery of stolen crypto assets in September. The security firm PeckShield has shed light on the breach, revealing that the funds were moved to suspicious addresses. Justin Sun has assured the community that HTX will fully compensate users for any losses incurred. Deposits and withdrawals have been temporarily suspended to aid in the investigation. The breach raises concerns about the security infrastructure supporting HECO Chain. This is the second security incident linked to projects overseen by Justin Sun. The estimated loss from this attack exceeds $100 million, according to blockchain security firm Cyvers Alerts. The Heco Bridge suffered a substantial loss of $83.4 million worth of assets. Despite the breach, HTX emphasizes that all funds within its ecosystem remain secure. Justin Sun continues to communicate the ongoing efforts to identify the specifics of the attack. Once the investigation is complete, normal services are expected to resume. This incident highlights the need for robust security measures in blockchain projects to protect users’ digital assets.

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Information	Details
Geography	Global
Countries	🇨🇳
Sentiment	negative
Relevance Score	1
People	Justin Sun
Companies	Tron, HTX_Global, Heco Bridge, HTX, HECO Chain
Currencies	TRON, Huobi, Mdex, BitTorrent
Securities	None