asia 703 crypto negative
Tron founder Justin Sun has been facing a series of cyber attacks on his crypto businesses over the past two months. Hackers have targeted platforms related to Sun, including his HTX crypto exchange, Poloniex exchange, and Huobi’s HECO chain bridge. The first HTX hack occurred shortly after the platform rebranded from Huobi, resulting in the theft of nearly $8 million in crypto. In a second hack, HTX lost $13.6 million due to a hot wallet breach. Poloniex suffered a significant security breach, with attackers stealing at least $100 million in cryptocurrency. The HECO chain bridge also experienced a massive breach, with hackers sending at least $86.6 million to suspicious addresses. In total, the platforms lost around $208 million in the four hacks. Despite Sun’s promise to compensate for the losses, some crypto enthusiasts are skeptical and have urged the community to stay away from Poloniex and HTX. These incidents come after the United States Securities and Exchange Commission filed a civil lawsuit against Sun and his companies for fraud and securities law violations. The ongoing speculation and legal issues have raised concerns about Sun’s credibility and the security of his crypto businesses.

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 Poloniex, Tron, HTX, Huobi, BitTorrent
Currencies Bitcoin
Securities None

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