Cryptocurrency exchange HTX (formerly Huobi Global) for loss compensation
Cryptocurrency exchange HTX, formerly known as Huobi Global, will resume deposits and withdrawals within 24 hours following a $13.6 million exploit on November 22. The exchange guarantees users full compensation for losses and 100% safety of funds. This incident is part of an $86.6 million attack on the HTX Eco (HECO) chain bridge involving HTX, Tron (TRX), and BitTorrent (BTT).
Huobi HTX’s prompt response and compensation promise
Huobi HTX responded quickly to the attack, ensuring that the loss was only a small portion of the platform’s total funds. The exchange promises to fully compensate affected users and strengthen security measures to prevent future incidents. It is reported that there is no impact on HTX’s normal operation.
Companies linked to HTX and Justin Sun face fourth hack in two months
The $13.6 million hack of HTX is the fourth security breach in two months against companies linked to Huobi and Chinese entrepreneur Justin Sun. Incidents, including the $100 million Poloniex exploit on November 10, have prompted an investigation into the cause and security enhancements are underway.