HTX, formerly known as Huobi Global, has suffered a significant loss of $13.6 million in a recent exploit on the HECO Chain bridge. The exploit, which occurred on November 22, resulted in the compromise of three hot wallets, leading to the swapping of user and exchange assets for Ether. The stolen funds were then distributed to various Ethereum addresses. The attack targeted not only Ether but also other coins and tokens, including Tether, USD Coin, and Chainlink. This incident follows a previous hack in September, where HTX lost $8 million in another hot wallet exploit. Despite these setbacks, HTX’s founder, Justin Sun, has assured the community that all funds are secure and that the exchange will fully compensate for the losses. In response to the exploit, HTX has temporarily suspended deposits and withdrawals. The HECO Chain bridge, which was created through the merging of the Tron and BitTorrent ecosystem, also suffered a loss of $86.6 million due to an allegedly compromised blockchain operator. HTX, with a combined $2.08 billion in user and corporate assets, remains a significant player in the cryptocurrency market, with a daily spot trading volume of $1.3 billion.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Asia |
| Countries | |
| Sentiment | negative |
| Relevance Score | 1 |
| People | Justin Sun |
| Companies | Cyvers, Tron, Nansen, BitTorrent, HTX |
| Currencies | Chainlink, US Dollar, Lido Staked Ether, Tether |
| Securities | None |
