Million

<a href="https://bitcoinworld.co.in/justin-sun-confirms-htx-heco-chain-exploited-after-about-100m-in-suspicious-transfers/" title="Justin Sun Confirms HTX, Heco Chain Exploited After About $100M in Suspicious Transfers" rel="noopener noreferrer nofollow"></a>
Crypto exchange <a href="https://www.htx.com/en-us/" rel="noopener noreferrer nofollow">HTX</a> and blockchain protocol Heco Chain were hacked for a cumulative $97 million in various tokens earlier Wednesday, Justin Sun, one of the investors at the exchange, confirmed in a post.
Sun said HTX will fully compensate for any losses originating from the exchange. Deposits and withdrawals are temporarily suspended while the remaining funds are secure.
“We are investigating the specific reasons for the hacker attack. Once we complete the investigation and identify the cause, we will resume services,” Sun said.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/over-85-million-has-been-transferred-from-heco-bridge-to-suspicious-addresses-in-an-exploit/" aria-label="“Over $85 Million Has Been Transferred From HECO Bridge to Suspicious Addresses In An Exploit” (Edit)" rel="noopener noreferrer nofollow">Over $85 Million Has Been Transferred From HECO Bridge to Suspicious Addresses In An Exploit</a>
Blockchain security firm Cyver flagged suspicious transfers to the tune of $85 million earlier Wednesday. It said in a message to CoinDesk that the attack was due to a suspected private key leak, which allowed their holders to access the Heco bridge, which lets users transfer tokens between Heco Chain and Ethereum.
Heco Chain was set up by HTX, which continued to be one of its maintainers.
The incident follows a smaller $8 million exploit of HTX in October, where hackers were able to steal 500 ether from the exchange. All losses were fully covered in the days following the incident.
The post <a href="https://bitcoinworld.co.in/justin-sun-confirms-htx-heco-chain-exploited-after-about-100m-in-suspicious-transfers/" rel="noopener noreferrer nofollow">Justin Sun Confirms HTX, Heco Chain Exploited After About $100M in Suspicious Transfers</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Justin Sun Confirms HTX, Heco Chain Exploited After About $100M in Suspicious Transfers

ItsBitcoinWorld

Other articles published on Nov 22, 2023

Grayscale files updated Bitcoin ETF prospectus days after talks with U.S. SEC

Bitcoin Network Strengthens as Hash Rate Peaks Ahead of Imminent Halving!

Mt. Gox Creditors Rejoice! Repayments Begin in 2023

Ripple CLO optimistic following Binance settlement, lambasts SEC’s ‘juvenile behavior’

Mt. Gox set to begin cash repayments to creditors ‘shortly’ in 2023

BlackRock and Nasdaq Officials Discuss Spot Bitcoin ETF Application with SEC!

Join our free newsletter for daily crypto updates!