Huobi Global’s crypto exchange HTX has confirmed the return of the funds stolen by a hacker in late September and issued a 250 Ether ETH bounty after resolving the issue. The hacker had drained 5,000 ETH worth roughly $8 million from one of HTX’s hot wallets. HTX offered to pay a 5% bounty worth around $400,000 and to not take any legal action if they returned 95% of the funds before a deadline of Oct. 2. The hacker returned the funds and HTX paid the hacker a white hat bonus of 250 ETH. Huobi Global investor and HTX adviser Justin Sun noted: “The hacker made the right choice. We would like to express our gratitude to everyone in the industry for their help!”Hackers have been rampant in the third quarter of 2023. According to a recent report from blockchain security platform Immunefi, there have been 76 hacks on crypto and Web3 projects/firms in Q3 2023, compared to 30 from Q3 2022. During the same week of the HTX hack, decentralized cross-chain protocol Mixin Network was also exploited for around $200 million after the attackers breached a third-party cloud service provider. Mixin Network offered a $20 million bug bounty if they returned the funds, however, the feasibility of getting the funds back appears slim.Deputy national security advisor for cyber and emerging technology Anne Neuberger suggested to Bloomberg that North Korean hackers may be behind the Mixin exploit. “The tradecraft appears to be the same kind of tradecraft we’ve seen from the DPRK previously,” she said.Huobi Global’s crypto exchange HTX has confirmed the return of the funds stolen by a hacker in late September and issued a 250 Ether ETH bounty after resolving the issue. The hacker had drained 5,000 ETH worth roughly $8 million from one of HTX’s hot wallets. HTX offered to pay a 5% bounty worth around $400,000 and to not take any legal action if they returned 95% of the funds before a deadline of Oct. 2. The hacker returned the funds and HTX paid the hacker a white hat bonus of 250 ETH.Hackers have been rampant in the third quarter of 2023. According to a recent report from blockchain security platform Immunefi, there have been 76 hacks on crypto and Web3 projects/firms in Q3 2023, compared to 30 from Q3 2022. During the same week of the HTX hack, decentralized cross-chain protocol Mixin Network was also exploited for around $200 million after the attackers breached a third-party cloud service provider. Mixin Network offered a $20 million bug bounty if they returned the funds, however, the feasibility of getting the funds back appears slim.Deputy national security advisor for cyber and emerging technology Anne Neuberger suggested to Bloomberg that North Korean hackers may be behind the Mixin exploit. “The tradecraft appears to be the same kind of tradecraft we’ve seen from the DPRK previously,” she said. Huobi Global investor and HTX adviser Justin Sun thanked the industry for their help in resolving the issue.
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 | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | Anne Neuberger, Justin Sun, ZachXBT |
| Companies | Ether, Immunefi, Mixin Network, Huobi Global, HTX |
| Currencies | Bitcoin, Ethereum, US Dollar, Huobi |
| Securities | None |
