SINGAPORE, Feb. 23,
2025 /PRNewswire/ -- In the wake of the recent
$1.5 billion hack affecting a major
cryptocurrency exchange, HTX hosted a live discussion
on X and its Global Advisor Justin
Sun addressed the growing security concerns in the
cryptocurrency industry. The discussion, titled
"Together Against Industry Crisis, Is There a Best Solution for the
Security of the Crypto Industry?" featured insights
from leading security firms SlowMist and GoPlus Security, as well
as prominent KOLs.
Security: A Top Priority for HTX
Sun stressed that security is a "top priority", demanding
constant vigilance and learning. He illustrated how hacker tactics
have evolved, from early hot wallet attacks to more sophisticated
multi-signature wallet breaches, and declared that exchanges must
continuously enhance their security protocol.
Sun emphasized that security is like personal health management,
requiring internal efforts and a proactive approach. HTX has
implemented multi-device login, remote login alerts, abnormal
transfer alerts, and other security features, and has publicly
disclosed Merkle Tree Proof of Reserve (PoR) for 28 consecutive
months, maintaining reserve ratios exceeding 100%.
Sun's Influence on Security Practices Across the
Crypto Landscape
Sun's commitment to security extends to his vision for HTX and
his influential role in shaping security practices across the
broader crypto landscape. He believes that the
principle of security is considered fundamental to every business
and product. He cited the early implementation of native
multi-signature functionality in TRON as a successful example of
proactive security design, demonstrating his commitment to building
security into the foundation of his projects. He also highlighted
the recent launch of USDD 2.0, emphasizing the deep understanding
of stablecoin security risks that informed its
development. "Just as exchanges should strengthen security
mechanisms from the source in system design and operation, to
maximize the prevention of security incidents," Sun stated.
Sun also revealed that HTX collaborates with numerous white hat
teams to conduct continuous penetration testing, security drills,
and vulnerability mining. The platform actively monitors global
cryptocurrency security incidents and studies hacker
attack principles and methods for effective prevention.
Addressing the Situation and Industry Cooperation
Regarding the controversy surrounding CZ's suggestion for the
affected exchange to suspend withdrawals, Sun acknowledged the
validity of the advice from an exchange perspective. He explained
that the initial hours after a security breach are crucial for
investigating the issue and ensuring safety. While suspending
withdrawals is necessary to eliminate risks, the suspension period
should be minimized to reduce user impact.
Sun called for closer cooperation between exchanges, security
agencies, and the community to jointly address hacker threats,
promote technological sharing, security innovation, and information
exchange, and promote the healthy and sustainable development of
the industry.
HTX's Commitment to User Safety
HTX demonstrates its commitment to security through a proactive
and continuously improving approach. The platform's multi-faceted
security strategy encompasses collaboration with leading security
experts, rigorous ongoing monitoring, robust internal protocols,
and a focus on enhancing multi-signature support, security alerts,
and mitigating emerging threats such as hashtag scams. This
comprehensive strategy reflects HTX's dedication to safeguarding
user assets and fostering a secure and reliable trading
environment. This commitment was further emphasized by the specific
security protocol requirements shared by Justin Sun at the February 21st Meetup in Hong Kong.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange
into a comprehensive ecosystem of blockchain businesses that span
digital asset trading, financial derivatives, research,
investments, incubation, and other businesses.
As a world-leading gateway to Web3, we harbor global
capabilities that enable us to provide users with safe and reliable
services. Our growth strategy - "Global Expansion, Thriving
Ecosystem, Wealth Effect, Security & Compliance", underpins our
commitment to providing quality services and values to virtual
asset enthusiasts worldwide.
For more information on HTX, please visit the HTX Square, or
https://www.htx.com/, and follow X, Telegram, Discord. For further
press enquiries, please contact glo-media@htx-inc.com.
Contact Details
Ruder Finn Asia
htx@ruderfinn.com
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SOURCE HTX
