Ethereum

Chainlink

BitTorrent

Coin

<div class="sg-post-des">
 The incident affected the greater HTX, Tron, and BitTorent ecosystem.
</div>
<div class="cointelegraph">
 <p>HTX, formerly Huobi Global, suffered an estimated loss of $13.6 million as part of the&nbsp;$86.6 million HECO Chain bridge exploit&nbsp;on Nov. 22.&nbsp;</p>
 <p>According to a&nbsp;report by blockchain security firm Cyvers, the losses stem from three compromised hot <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a>s with users and <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a> assets swapped for Ether&nbsp;and distributed to various Ethereum addresses thereafter. Among other coins and tokens, Cyvers says that 1,240 Ether (ETH), 7.3 million Tether (USDT), 1.78 million USD Coin (USDC), and 62,200 Chainlink (LINK) were drained during the attack.&nbsp;</p>
 <p>Justin Sun, de-facto owner of HTX and founder of Tron and BitTorrent, both related entities, stated shortly after the exploit that "HTX Will Fully Compensate for HTX's hot wallet Losses. Deposits and Withdrawals Temporarily Suspended. All Funds in HTX Are Secure, and the Community Can Rest Assured."</p>
 <p>Earlier in the day, the HECO Chain bridge, a cross-chain bridge created via the merging of the Tron and BitTorrent ecosystem in 2020, was drained of $86.6 million due to an allegedly compromised blockchain operator.&nbsp;</p>
 <p>In September, HTX was hacked for $8 million in another hot wallet exploit. At the time, Sun also claimed that "all user assets are SAFU and the platform is operating completely normally." The hack took place less than one month after its rebranding from Huobi Global to HTX, as announced during Token2049 in Singapore.&nbsp;</p>
 <p>Data from Nansen show that <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a>s identified as belonging to HTX hold a combined $2.08 billion in user and corporate assets. Within the past 24 hours, the <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a> had $1.3 billion in spot trading volume.</p>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">HTX and Heco Cross-Chain Bridge Undergo Hacker Attack. HTX Will Fully Compensate for HTX's hot <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> Losses. Deposits and Withdrawals Temporarily Suspended. All Funds in HTX Are Secure, and the Community Can Rest Assured. We are investigating the specific reasons for the hacker…</p>— H.E. Justin Sun 孙宇晨 (@justinsuntron) November 22, 2023
 </blockquote>
 <p><strong><em>Related:&nbsp;What bear market? These crypto websites see traffic rising in 2023</em></strong></p>
 <template data-name="subscription_form" data-type="crypto_biz"></template>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/htx-exchange-loses-13-6m-in-hot-wallet-hack-report-tbt71267.html">https://thebittimes.com/htx-exchange-loses-13-6m-in-hot-wallet-hack-report-tbt71267.html</a></p>

HTX exchange loses $13.6M in hot wallet hack: Report

TheBitTimes

Other articles published on Nov 22, 2023

Crypto Industry Needs Traditional Finance’s Regulatory Experience to Flourish

Altcoins falling after Binance CEO resigns; 5 crypto alternatives to consider

Propy Price Prediction 2023-2028: Bulls Set to Break Out?

BSCPAD (BSCPAD) Price Prediction 2024, 2025, 2030, 2040, and 2050

Worldcoin (WLD) price surges by over 6% as Sam Altman rejoins OpenAI as CEO

Crypto price-tracking website CoinGecko acquires NFT analytics firm Zash

Join our free newsletter for daily crypto updates!