HTX is preparing to continue its operations after the attack - Coinleaks
Current Date:September 21, 2024

HTX is preparing to continue its operations after the attack

The cryptocurrency exchange said the attack was handled properly.

Cryptocurrency exchange HTX (formerly Huobi Global) announced that it will resume deposits and withdrawals within 24 hours after it was subjected to a $13.6 million attack.

According to the announcement, the stock exchange promised to compensate 100 percent of the losses incurred due to the attack. The developers also added that the amount lost represents a very small portion of the exchange’s total funds.

HTX suffered a loss of $13.6 million from its hot wallets as part of the $86.6 million attack on the HTX Eco (HECO) Chain bridge from Tron and BitTorrent the other day. All three organizations are effectively controlled by Chinese blockchain entrepreneur Justin Sun.

HTX stated that all necessary precautions will be taken to prevent a similar incident from occurring.

HTX and Justin Sun affiliates have faced four attacks over the past two months.

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