Tron founder Justin Sun claimed in various tweets on the social media site X that the cryptocurrency exchange HTX (formerly Huobi) had been compromised for 5,000 ether. Despite the loss, Sun insists that customer funds on the exchange are secure and the "platform is operating completely normally."
5,000 ETH were lost due to the HTX Exchange's security breach, according to Justin Sun of Tron.
On Monday, Justin Sun, the creator of Tron and a consultant for the exchange HTX, announced that HTX had experienced a security breach on social media. According to Sun, "HTX has lost 5,000 [ethereum] ($8 million USD) as a result of a hacker attack." "HTX has successfully fixed all connected problems and has fully reimbursed the losses incurred from the attack. The platform is fully operational, and all user assets are SAFU.
Sun also disclosed the hacker's associated Ethereum addresses, "0xdb1" and "0x799." The "0xdb1" wallet has about $6.3 million. According to the $3 billion in assets held by our users, $8 million "represents a relatively small sum," Sun said on X. "It also amounts to just two weeks' worth of revenue for the HTX platform."
The creator of Tron added:
The hack was discovered as soon as the incident occurred yesterday (6 p.m. SGT, 9/24/2023), and we acted quickly to stop any losses. Therefore, all money are safe, and trading has carried on as usual. All problems were swiftly addressed and fixed, and the platform was immediately returned to normal.
According to Sun, HTX is attempting to convince the hacker to return the funds by giving a reward equal to 5% of the total amount stolen ($400,000) as a white hat incentive. Sun stated that the exchange would take into account hiring the person as a security consultant if the money is returned. However, the business will give the information to law enforcement if the money isn't recovered within seven days, which can result in legal action being taken against the hacker.
A recent security flaw at the decentralized exchange (dex) platform Mixin resulted in the astonishing loss of $200 million in cryptocurrency holdings.
What do you consider the HTX hack to be? Post your ideas and viewpoints on this topic in the comments area below.