Justin Sun, the founder of the TRON blockchain and the name behind prominent crypto exchanges, shared details about a recent hack. In less than a month, this is the second one of the platforms associated with the crypto founder to lose millions of dollars for its users.
Justin Sun Shares Details About Recent Hack
Data from crypto analytics Cyvers Alerts indicates that as much as 10,145 in Ethereum (ETH) got drained during the attack. The bad actors targeted the Heco bridge, a platform associated with crypto exchange HTX, and Justin Sun.
The firm identified the addresses associated with the attack on HTX and the bridge. The platform lost around $12.5 million in stablecoin USDC, USDT, Chainlink (LINK) and Ethereum.
As seen in the chart below, the bad actors used multiple transactions to move the funds while trying to conceal their tracks. The attackers swap millions in stablecoins to ETH for that purpose. The analytics firm stated:
Hacker has distributed all the assets to different EOAs with 1 $ETH for gas fee per each address. Then transferred all $ETH to another EOAs. Right now all stolen funds are parked at 4 different addresses!
Additional data from crypto analytics firm Nansen identified the addresses associated with the hack in the following link. Justin Sun stated the following regarding the incident and the consequences for the users:
HTX and Heco Cross-Chain Bridge Undergo Hacker Attack. HTX Will Fully Compensate for HTX’s hot wallet Losses. Deposits and Withdrawals Temporarily Suspended. All Funds in HTX Are Secure, and the Community Can Rest Assured. We are investigating the specific
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Author: Reynaldo Marquez
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