HTX exchange has suffered an $8 million breach with hackers siphoning off nearly 5,000 Ethereum (ETH).

While the hacks are rampant in the crypto ecosystem, Justin Sun’s HTX exchange has become the latest target.

Justin Sun Assures Users

Justin Sun took to X (Twitter) to inform the community about the hack on Sept. 24. He assured users that the funds were safe and wrote:

“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.”

Moreover, Sun claimed that the amount is relatively smaller than the total assets HTX users held. He boldly stated that the amount is equivalent to “just two weeks’ revenue for the HTX platform.”

While the hack happened on Sunday, users were not informed about it immediately. Sun’s posts on X only came after the blockchain security alert platform Cyvers Alerts informed users about the incident. Cyvers Alerts claimed it received no response from HTX despite its attempts to reach out.

Click here for our guide on early threat detection for crypto projects’ security.

Changpeng Zhao Makes Fun of Rebranding

Some community members have highlighted that the hack happened days after Huobi rebranded to HTX. A community member Go to Source to See Full Article
Author: Harsh Notariya

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