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The exchange has already received the funds back. The hacker received a 5% white-hat incentive, or a remuneration of 250 ETH for restoring the funds, as well as a job offer to work as a white-hat security adviser. Huobi Global‘s HTX crypto exchange has confirmed a refund of the funds stolen in
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HTX, formerly Huobi, recovered 4,999 ETH stolen by hackers, setting a rare precedent in the centralized cryptocurrency exchange world. On Sept. 24, HTX’s hot wallet suffered a cyberattack that saw 5,000 ETH, equivalent to $8 million, stolen by hackers. The exchange swiftly identified the culprits and initiated a daring move by
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Huobi Global’s crypto exchange HTX has confirmed the return of the funds stolen by a hacker in late September and issued a 250 Ether (ETH) bounty after resolving the issue. One of HTX’s hot wallets was drained of 5,000 ETH on Sept. 25, worth roughly $8 million at the time.
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This week, crypto markets were in turmoil. Justin Sun’s HTX and Mixin Network fell victim to hacks. Binance left Russia while MicroStrategy augmented its BTC stash. A flurry of hacks and scams The crypto scene witnessed a slew of security breaches and developments around scams throughout this week. Crypto exchange Upbit
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Justin Sun, HTX (former Huobi) advisory board member, introduced the SAFU fund after the platform had suffered a $8 million security breach. According to his tweet, the platform team introduced the SAFU fund in order to always be prepared for losses that may arise due to problems with the security of
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Hours after the crypto exchange HTX (rebranded from Huobi) reported a hack that resulted in a loss of $8 million, Changpeng ‘CZ’ Zhao offered the help of the Binance security team in investigating the attack. Timely intervention is key to tracking down and retrieving stolen cryptocurrencies as hackers attempt to hide
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According to Sun, all customer funds are safe as the ETH stolen via the hack is only two weeks’ worth of the average HTX revenue. Justin Sun has announced on X (formerly Twitter) that crypto exchange HTX (formerly Huobi) suffered a hack in which the hackers made away with 5,000 Ether (ETH), worth
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HTX, formerly Huobi, has been hacked with the total loss totaling 500 ether (ETH) worth around $8 million, according to HTX advisor and Tron founder Justin Sun. Source
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Huobi will retain its identity for Chinese-speaking regions, but the exchange will now be recognized as HTX on the global scene. Popular cryptocurrency exchange Huobi celebrated its 10th anniversary on Wednesday by announcing its rebranding to HTX. However, there might be more to the move that controversially appears to echo the
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Cryptocurrency exchange Huobi is celebrating its 10th anniversary with a controversial marketing move — the firm is rebranding from “Huobi” to “HTX,” echoing the name of the bankrupt exchange FTX.Huobi officially announced its rebranding on Sept. 13, renaming the company to the new global brand, HTX. The new naming stands for
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