Ethereum

Million

Mixin

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>A ‘X’ post by Justin Sun quotes that Huobi HTX lost over 5k ETH in a hack.&nbsp;</a> </li> 
 <li> <span>2</span> <a>The exchange is willing to use the 5% of stolen funds as a white hat bonus to encourage the hacker to return the funds.&nbsp;</a> </li> 
 <li> <span>3</span> <a>Mixin Network, a service resembling a layer-2 protocol, lost over $200 Million in a hack.&nbsp;</a> </li> 
</ul> 
<p>Huobi HTX, a globally popular cryptocurrency exchange, lost around 5000 Ethereum due to an attack by bad actors. The information about the attack was posted by Justin Sun, who is working as an advisor to Huobi.&nbsp;&nbsp;&nbsp;</p> 
<p>However, in his ‘X’ post, Sun wrote that Huobi HTX has entirely borne the losses caused by the hackers’ attack and succeeded in resolving all related issues. It is important to note that all users’ assets are safe, and the exchange works generally as usual.&nbsp;</p> 
<p>He further quoted in his posts that “Compared to the $3 billion in assets held by Huobi HTX users, $8 million is a small number.” He added, “This is only equivalent to two weeks of revenue from the HTX platform.”</p> 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="zh" dir="ltr">火币HTX因黑客攻击而损失了5,000个ETH（价值800万美元）。火币HTX已经全额承担了由此次攻击造成的损失，并成功解决了所有相关问题。所有用户资产都是安全的，平台运转完全正常。</p>— H.E. Justin Sun 孙宇晨 (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1706315161307328595?ref_src=twsrc%5Etfw">September 25, 2023</a>
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<p>Huobi HTX discovered the problem on September 24 and took prompt measures to prevent any losses.&nbsp;&nbsp;</p> 
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  <img decoding="async" loading="lazy" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-815.png" alt="Huobi HTX Lost Ethereum Worth $8 Million in a Hack: Justin Sun&nbsp;" class="wp-image-171261" style="width: 100%;height:744px" width="1159" height="744" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-815.png 907w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-815-300x193.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-815-768x493.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-815-750x481.png 750w" sizes="(max-width: 1159px) 100vw, 1159px">
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   Source: Etherscan(dot)io wallet address where the amount was diverted&nbsp;
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<p>All funds are safe, and exchange transactions are entirely every day. We quickly resolved and addressed all issues, promptly returning the platform to regular status.&nbsp;</p> 
<p>As an advisor to Huobi HTX <a href="https://www.thecoinrepublic.com/2023/09/17/justin-sun-brought-new-tusd-worth-815m-into-crypto-space/">Sun </a>stated, “The exchange is willing to use the 5% of stolen funds as a white hat bonus to encourage the hacker to return the stolen funds”.&nbsp;</p> 
<p>Sun assured the hacker, “If he returns the stolen fund, then Huboi HTX will hire him as a Huobi security white hat consultant.”&nbsp;</p> 
<p>In a different scenario, Sun said if hackers fail to return the funds in 7 days, then the exchange will hand over the proof to police officials and request judicial punishment for the hacker.&nbsp;&nbsp;&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-mixin-network-lost-200-million-in-a-hack-strong"><strong>Mixin Network Lost $200 Million in a Hack&nbsp;</strong></h2> 
<p>SlowMist, a blockchain security consultancy, claimed that Mixin Network, a service resembling a layer 2 protocol, lost over $200 Million in a hack.</p> 
<p>Later, Mixin Network confirmed that “In the early morning of September 23, the database of Mixin Network’s cloud service provider was attacked by hackers, resulting in the loss of some assets on the mainnet.”&nbsp;</p> 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr">[Announcement] In the early morning of September 23, 2023 Hong Kong time, the database of Mixin Network's cloud service provider was attacked by hackers, resulting in the loss of some assets on the mainnet. We have contacted Google and blockchain security company <a href="https://twitter.com/SlowMist_Team?ref_src=twsrc%5Etfw">@SlowMist_Team</a>…</p>— Mixin Kernel (@MixinKernel) <a href="https://twitter.com/MixinKernel/status/1706139175018529139?ref_src=twsrc%5Etfw">September 25, 2023</a>
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<p>Many crypto analysts and market watchers claim that bad actors mostly see scope in unethical hacking and believe that the best way to get rich is to commit fraud and scams.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-disclaimer-strong"><strong>Disclaimer</strong></h3> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Huobi HTX Lost Ethereum Worth $8 Million in a Hack: Justin Sun

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