Huobi Token

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    <p>While <a rel="noopener noreferrer nofollow" title="Justin Sun" href="https://thebittimes.com/tag/justin-sun.html">Justin Sun</a> immediately took to X to discuss the hack that occurred on his <a rel="noopener noreferrer nofollow" title="Crypto" href="https://thebittimes.com/tag/crypto.html">Crypto</a> exchange <a rel="noopener noreferrer nofollow" title="HTX" href="https://thebittimes.com/tag/htx.html">HTX</a> (formerly <a rel="noopener noreferrer nofollow" title="Huobi" href="https://thebittimes.com/tag/huobi.html">Huobi</a>), news of the loss has trickled into <a rel="noopener noreferrer nofollow" title="China" href="https://thebittimes.com/tag/china.html">China</a> through foreign media reporting. Sun hasn’t posted on his Weibo since the day before the hack, which resulted in a loss of about 5,000 ETH, transpired.</p> 
    <p>CoinDesk and other outlets reported on September 25 that Huobi had suffered an $8 million hack, with Sun promising that the amount was nothing when compared to the “$3 billion worth of assets held by (Huobi) users” and that “all funds are secure.”</p> 
    <p>It’s unclear why Sun hasn’t taken to Chinese social media to assuage the fears of users on the mainland, as according to SimilarWeb most traffic to the site appears to come from “other” jurisdictions, implying most customers are Chinese or Hong Kongers.</p> 
    <p>The site has also seen a <strong>dramatic rise in Russian users since the War in Ukraine began</strong>.</p> 
    <p>Since the most recent hack, the HT token — formerly the <a rel="noopener noreferrer nofollow" title="Huobi" href="https://thebittimes.com/tag/huobi.html">Huobi</a> Token — has seen its price fall roughly 2%.</p> 
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      <blockquote class="wp-embedded-content" data-secret="FhLcjwiUSB">
        Justin ‘T-Bills’ Sun prints $800M to himself 
      </blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Justin ‘T-Bills’ Sun prints $800M to himself” — Protos" src="https://protos.com/justin-t-bills-sun-prints-800m-to-himself/embed/#?secret=DTO11P4k54#?secret=FhLcjwiUSB" data-secret="FhLcjwiUSB" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe> 
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    <p><em>Read more: <a rel="noopener noreferrer nofollow" title="Justin Sun" href="https://thebittimes.com/tag/justin-sun.html">Justin Sun</a> and <a rel="noopener noreferrer nofollow" title="Huobi" href="https://thebittimes.com/tag/huobi.html">Huobi</a> play shell game with ownership</em></p> 
    <h2 class="wp-block-heading" id="h-hacked-but-still-safe">Hacked but still safe</h2> 
    <p>While admitting to a loss of customer funds, Sun also stated that <a rel="noopener noreferrer nofollow" title="Huobi" href="https://thebittimes.com/tag/huobi.html">Huobi</a>’s “multi-backup, multi-signature cold wallet system ensures 100% security.” Based on this hack alone, that’s clearly not true.</p> 
    <p>But this also isn’t the first time that Huobi has lost important customer assets: in July Protos reported that Huobi had accidentally given up two years’ worth of customer data in a breach. Despite this massive misstep, executives said, “The type of information leaked does not involve sensitive information and <strong>does not affect user accounts and fund security</strong>.”</p> 
    <p><em>Got a tip? Send us an email or ProtonMail. For more informed news, follow us on&nbsp;X,&nbsp;</em><em>Instagram</em><em>,&nbsp;</em><em>Bluesky</em><em>, and&nbsp;</em><em>Google News</em><em>, or subscribe to our&nbsp;</em><em>YouTube</em><em>&nbsp;channel.</em></p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/justin-sun-in-no-hurry-to-tell-china-about-htx-hack-tbt64410.html">https://thebittimes.com/justin-sun-in-no-hurry-to-tell-china-about-htx-hack-tbt64410.html</a></p>

Justin Sun in no hurry to tell China about HTX hack

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