<div class="cryptonews">
 <p class="is-style-lead">On Nov. 22, the cryptocurrency exchange linked to Justin Sun HTX (formerly Huobi) commented on a recent attack on the platform resulting in the multi-million dollar loss.</p>
 <p>Earlier this week, reports surfaced that HTX and the HECO network were hacked by unknown persons who withdrew assets worth a <a rel="noopener noreferrer nofollow" title="combined" href="https://thebittimes.com/tag/combined.html">combined</a> $110 million.</p>
 <p>Company representatives for HTX took to X on Nov. 22 and published a note that says it promises to fully compensate for losses caused by the recent attack, which resulted in over $23 million in <a rel="noopener noreferrer nofollow" title="suspicious" href="https://thebittimes.com/tag/suspicious.html">suspicious</a> <a rel="noopener noreferrer nofollow" title="transfers" href="https://thebittimes.com/tag/transfers.html">transfers</a> leaving that platform.</p>
 <blockquote class="wp-block-quote">
  <p>“Huobi HTX is expected to <a rel="noopener noreferrer nofollow" title="resume" href="https://thebittimes.com/tag/resume.html">resume</a> deposit and withdrawal services within 24 hours. The specific resumption time will be notified again. Please pay attention to the platform announcement.”</p> <cite>HTX team</cite>
 </blockquote>
 <p>Initially, security specialists from the Cyvers Alerts service announced the hack. According to Cyvers, a minimum of $86.6 million was withdrawn from Heco Bridge and another $23.4 million from HTX.</p>
 <p>Later, information about the hack was confirmed by Justin Sun, an advisor to the affected exchange, who added that HTX will fully compensate for the losses.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">We are detecting multiple <a rel="noopener noreferrer nofollow" title="suspicious" href="https://thebittimes.com/tag/suspicious.html">suspicious</a> transactions on @HTX_Global hot wallets and on @HECO_Chain bridge that were probably executed by the same entity, total value of $100M. https://t.co/Q5pOfdRTcz</p>— Meir Dolev (@Meir_Dv) November 22, 2023
   </blockquote>
  </div>
 </figure>
 <p>Before this, unknown hackers accessed one of the wallets of the Poloniex exchange, which also belongs to Sun. Later, the company’s management offered the hacker a $10 million reward for returning the funds. That bounty has so far not been accepted.</p>
 <p>During Q3 of 2023, the cryptocurrency sector suffered a total loss of almost $890 million due to hacks, scams, and rug pulls.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/operations-resume-on-htx-after-suspicious-transfers-lead-to-100m-combined-exploit-tbt71333.html">https://thebittimes.com/operations-resume-on-htx-after-suspicious-transfers-lead-to-100m-combined-exploit-tbt71333.html</a></p>

Operations resume on HTX after suspicious transfers lead to $100m combined exploit

TheBitTimes

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