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As security concerns in the crypto industry continue to rise, another hacking incident has occurred. The crypto exchange formerly known as Huobi Global and recently rebranded as HTX, fell victim to a cyber attack, resulting in the theft of 5000 ETH. Justin Sun, the founder of TRON and a consultant at HTX, provided a statement regarding the incident.
Loss of 5000 ETH at HTX Exchange
The crypto exchange, previously known as Huobi Global and recently rebranded as HTX, experienced a cyber attack during the day. As a result, 5000 ETH, equivalent to approximately 8 million dollars at current prices, was stolen.
Speculations regarding the attack circulated throughout the day. Justin Sun, who serves as a consultant at HTX and is also the founder of TRON, shed light on the matter through a post on his official Twitter account.
In his post, Sun confirmed that a loss of 5000 ETH had occurred due to the cyber attack. He assured that the issue resulting from the attack had been resolved and that all users’ assets were safe, emphasizing that the platform was functioning smoothly. Sun also claimed that HTX exchange’s users currently hold approximately 3 billion dollars worth of assets and that the stolen ETH does not constitute a significant loss:
“HTX lost 5,000 ETH (worth 8 million dollars) due to a hacker attack. HTX has fully compensated for the losses caused by this attack and successfully resolved all related issues. All user assets are secure, and the platform is operating normally.”
Furthermore, Justin Sun expressed willingness to offer 5% of the stolen amount as a white hat bonus to incentivize the attacker to return the funds. He also stated that if the attacker chooses to return the funds, they could be hired as a White Hat Security Consultant at HTX. However, if the attacker fails to return the funds, legal action will be taken.
Growing Security Concerns in the Crypto Industry
Security issues in the crypto industry are rapidly increasing. In recent times, numerous crypto platforms have suffered significant losses due to various cyber attacks.
Recently, several individuals from the crypto industry had their social media accounts compromised, leading to fraudulent posts and the theft of substantial amounts of crypto assets. During this period, crypto exchanges and other platforms became prime targets for cyber attacks.
With the loss at HTX exchange, another incident has been added to the growing list of hacking news. While Justin Sun claims that this security issue is not a significant loss for the exchange, as stated in his social media post, 5000 ETH has indeed been stolen from the exchange.
