Crypto exchange Huobi Global was hacked on Sept. 24 for $7.9 million, according to blockchain analytics. Meanwhile, a wallet associated with Ethereum co-founder Vitalik Buterin was flagged sending 400 ETH, worth around $600,000, to Coinbase. In response to the JPEX scandal, Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), has vowed to step up efforts to combat unregulated cryptocurrency trading platforms in its jurisdiction. The SFC will be making a list of all virtual asset trading platforms (VATPs) available to better help members of the public identify potentially unregulated VATPs doing business in Hong Kong. It will also keep a dedicated list of “suspicious VATPs” which will be featured in an easily accessible and prominent part of the regulators’ website.Huobi Global, which recently rebranded to HTX, was hacked this weekend for $7.9 million, according to Cyvers Alerts. The blockchain security firm reported on Sept. 25 that 4,999 Ether ETH was drained from a Huobi hot wallet. The attack was later confirmed by Huobi Global investor Justin Sun, who claimed that user funds are safe.Yesterday, blockchain sleuths flagged several Ether transactions from a wallet associated with Ethereum co-founder Vitalik Buterin in September 2023, totaling over $3.9 million. A 400 ETH transaction, worth an estimated $632,000, was sent from Vitalik’s wallet to Coinbase on Sept. 25. According to Spot On Chain, Buterin has deposited an estimated 2,421 ETH ($3.94 million) from Sept. 15 onwards. This includes 321 ETH deposited to Kraken between Sept. 15 and Sept. 19, 1,700 ETH to Bitstamp in several transactions on Sept. 17 and Sept. 20, and 500 ETH to Paxos on Sept. 19. Additionally, a transfer of 2,000 ETH ($4.9 million) was sent to the address carrying out these transactions from another wallet long associated with the Ethereum co-founder.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	9
People	Justin Sun, Vitalik Buterin, Spot On Chain
Companies	Coinbase, Paxos, JPEX, Bitstamp, Huobi Global, Kraken, Securities and Futures Commission (SFC)
Currencies	Ethereum, Dai, Bitcoin, Euro, US Dollar, Pax Dollar, Tether
Securities	None