On-chain security alert Cyvers Alerts warned on the social media platform X (Twitter) last night that the hot wallet of HTX Exchange (HuoBi) was hacked on the 24th, and the amount stolen was 5,000 Ethereum (ETH), which is about US$7.9 million based on the current price.
Justin Sun: HTX will bear all losses
After the news broke, Justin Sun, a member of the HTX Global Advisory Committee, quickly tweeted in the evening:
He added:
At the same time, Sun Yuchen also said that in order to encourage hackers to return the stolen funds, he was willing to provide 5% of the stolen amount as a white hat reward and would hire him as a security white hat consultant for HTX. However, he also warned that if the stolen funds were not returned within 7 days, the information would be handed over to law enforcement for further action and prosecution of the hacker.
Being attacked but keeping it a secret?
However, although Huobi announced that it would make full compensation, the community also questioned that they knew about the attack as early as the 24th, and the outflow of assets from the hot wallet was obviously a major security issue; but the official did not warn users in the first time, and only stepped in after the third-party platform discovered it, which showed a major flaw in its operation.
CZ irony: HTX new name
Interestingly, Changpeng Zhao (CZ), the founder of Binance, the world's largest exchange, also posted a message saying that Sun Yuchen changed the English name of Huobi Exchange to HTX (similar to FTX) and the theft occurred a week later..., mocking that similar attacks occurred in both exchanges.
Justin Sun: The issue has been resolved safely
As of now, Justin Sun has announced that the relevant issues have been successfully resolved and the platform is operating normally.
