On Sunday, HTX, the former Huobi platform, suffered a security breach that resulted in the theft of 500 ether (ETH), worth about $8 million.
HTX @HTX_Global has suffered a loss of 5,000 #Eth ($8 million USD) due to a hacker attack. HTX has fully covered the losses incurred from the attack and has successfully resolved all related issues. All user assets are #SAFU and the platform is operating completely normally.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) September 25, 2023
The hack was detected right away and HTX compensated the affected users. HTX adviser and Tron founder Justin Sun assured that the funds are secure on his X account (the new name of Twitter).
The hackers targeted one of HTX’s hot wallets, which had received around $500 million from Binance since March, as shown by Arkham data.
Sun downplayed the impact of the hack, saying that it was a small fraction of the $3 billion in assets that HTX users hold. He also said that HTX makes $8 million in revenue every two weeks.