๐Attention BTC enthusiasts! HTX, Huobi's rebranded global exchange, has successfully recovered nearly $8 million worth of stolen ETH after a late September attack. The hacker took 4,997 ETH from the exchange's hot wallet, but CEO Justin Sun managed to identify the attacker and offered a 5% white hat bounty for the return of the funds. ๐ต๏ธโโ๏ธ
๐ก๏ธSun reassured users that the exchange had covered the losses with its reserves, and all user assets were safe. The stolen $8 million pales in comparison to the $3 billion worth of assets held by HTX users and amounts to just two weeks' revenue. ๐
โณThe attacker missed the initial one-week deadline to return the funds but eventually returned the full amount. HTX then sent the promised bounty of 250 ETH back to the hacker. It's unclear why the entire amount was returned before the attacker-turned-white-hat received the bounty, but it could be to avoid future lawsuits. ๐ค
๐Kudos to HTX for resolving the issue and recovering the stolen funds!
๐ก๏ธSun reassured users that the exchange had covered the losses with its reserves, and all user assets were safe. The stolen $8 million pales in comparison to the $3 billion worth of assets held by HTX users and amounts to just two weeks' revenue. ๐
โณThe attacker missed the initial one-week deadline to return the funds but eventually returned the full amount. HTX then sent the promised bounty of 250 ETH back to the hacker. It's unclear why the entire amount was returned before the attacker-turned-white-hat received the bounty, but it could be to avoid future lawsuits. ๐ค
๐Kudos to HTX for resolving the issue and recovering the stolen funds!