HTX Recommence Operations After Temporary Halt Due to Hack
November 23 2023 - 9:00AM
NEWSBTC
Cryptocurrency exchange HTX (formerly Houbi) has recently announced
its resumptions of operations after being halted for a while due to
a recent exploit. HTX To Resume Services Later Today HTX, one
of the world’s leading crypto exchanges, has confirmed the
resumptions of its withdrawal and deposit services later today.
However, the crypto company should have provided a specific time
for the resumption. The crypto exchange said: In addition, HTX
(Huobi) is expected to resume deposit and withdrawal services
within 24 hours. The specific resumption time will be notified
again. Please pay attention to the platform announcement. Related
Reading: Huobi (HTX) Troubles Mount: Justin Sun Accused Of $2.4B
Shortfall In User Funds The announcement also saw the crypto firm
asserting that the recent hack has been “appropriately handled.”
This ultimately led to halting the platform’s services to prevent
more losses. Furthermore, the crypto exchange has once again
asserted its promises to compensate its users for their losses due
to the recent hack. The platform stated: Huobi HTX has now properly
handled this attack. Huobi HTX once again promises to fully
compensate for the losses caused by this attack and 100% guarantee
the safety of user funds. The crypto platform stated that the funds
lost in the hack were “small” compared to its total funds. The
company’s operations are unaffected. The crypto platform stated:
The amount of funds lost by Huobi HTX this time accounts for a
“very small amount” of the total funds of the platform. The normal
operation of Huobi HTX will not be affected by this. Users should
rest assured. The Crypto Exchange Fell Victim To Hack On Wednesday,
November 22, HTX and blockchain protocol Heco Chain experienced an
exploit amassing over $100 million in several assets. The
hack was detected by on-chain investigator Cyvers Alerts, alerting
the platform of the transactions. According to Cyvers Alert, the
total assets lost by HTX were around $23 million, while Heco Chain
lost over $85 million. Related Reading: Back-To-Back Breaches:
Another Justin Sun Platform Was Hacked, Commits To Covering Losses
The platform’s advisor, Justin Sun, later confirmed the hack in a
post. The advisor took to X (formerly Twitter) to shed more light
on the hack and the company’s intention in handling it. The exploit
comes after an October $8 million attack on HTX. The attack
resulted in about 500 Ethereum stolen from the exchange. However,
in the days that followed the tragedy, all losses were completely
compensated. So far, the company has expressed its commitment to
preventing such hacks from ever retaking place. Meanwhile, its
customers’ well-being will be its highest responsibility. Featured
image from Linkedin, chart by Tradingview.com
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