Crypto exchange HTX paid the hacker a reward of $408,500

The HTX cryptocurrency exchange, previously called Huobi, paid the hacker a reward of 250 Ethereum (ETH) worth $408,500 at the current rate.

Cryptocurrency exchange HTX, formerly known as Huobi, paid the hacker a reward of 250 Ethereum (ETH), which is equivalent to $408,500 at the current exchange rate. This comes as the hacker who hacked the trading platform in September and stole 5,000 ETH worth $8 million has returned the stolen funds. HTX spokesman Justin Sun confirmed this information.

The management of the Exchange fulfilled its part of the agreement and paid the hacker a bonus of 250 ETH. HTX employees also asked the hacker to provide them with a report on the discovered security vulnerabilities that he exploited. Experts intend to use this information to prevent the threat in the future.

HTX sent the hacker an offer to work as a consultant, but it is not yet known whether the offer was accepted. In any case, HTX was committed to keeping the hacker's personal information secret to avoid unwanted attention to his identity.