HTX exchange, previously known as Huobi, recently experienced a cyberattack resulting in the loss of approximately $8 million USD equivalent to 305 bitcoin and 5000 ether. TRON founder Justin Sun, who serves as an adviser to the htx exchange, confirmed this incident on Monday.
Despite the substantial financial impact, Sun reassured users that HTX has successfully covered the losses and resolved all associated issues promptly. Providing context, Sun highlighted that the $8 million loss, while significant, represents a relatively small portion of HTX users’ combined assets, which amount to around $3 billion.
Furthermore, Sun pointed out that the stolen funds are equivalent to only two weeks of revenue for the exchange. HTX has also announced that the hacker has until October 2, 2023, to return the funds. The message from SUN “If the funds are not returned within 7 days, we will transfer the information to law enforcement authorities for further action and to prosecute the hacker.”
The breach was swiftly detected shortly after it occurred at 6 p.m. SGT on September 24. Sun commended the HTX team for their rapid response, underscoring their quick actions to prevent further losses.
According to the message, the exchange is prepared to recover 95% of the stolen funds, with the remaining 5% being offered to the hacker as a reward for their troubles.