In the world of cryptocurrency, a $86.6 million exit has made headlines today. Concerning situations have also emerged regarding the exit made using the HECO Chain bridge. On the other hand, a $12.4 million exit was made from HTX. Justin Sun has confirmed that this is a hack.
Massive Transfer from HECO Chain
The $86.6 million exit from HECO Chain has raised concerns about the hack. As you may recall, Justin Sun merged the Tron and BitTorrent bridge ecosystems with HECO, which is currently facing hack issues, in 2022.
PeckShield, the organization that brought up the issue, points out that the significant exit made through the HECO Chain bridge may be related to a hack incident that has been on the agenda for about a month and may be linked to Poloniex, which is currently facing hack issues.
According to PeckShield, this incident bears similarities to a previous incident involving Poloniex and HTX, which involved a total withdrawal of $125 million. The parallel structure of these suspicious transactions, combined with the withdrawal of 10,145 ETH worth approximately $21 million from Heco Bridge, raises suspicions of a coordinated effort. While writing the article, Justin Sun made a statement.
Statement from Justin Sun
While writing the article, Justin Sun made a statement regarding the issue. Sun stated that HTX and Heco Chain were under attack and that the exchange would compensate for all losses. Sun also highlighted the suspension of deposits and withdrawals.
Sun also emphasized that the funds are completely safe and stated that they are continuing their investigations regarding the attack. He also emphasized that the exchange will continue its operations as a result of the relevant investigation.
In light of these concerning developments, it has become necessary for blockchain stakeholders, including platform operators and regulators, to collaborate and strengthen security measures. Identifying and addressing potential security vulnerabilities has become crucial to maintaining the integrity of blockchain networks.
