Huobi was hacked and 5,000 ETH was stolen! Justin Sun: Equivalent to two weeks of income, full compensation for losses

Huobi, which just changed its English name from "Huobi" to "HTX" last week, confirmed yesterday (25th) that it had suffered a hacker attack, resulting in a total loss of 5,000 Ethereum coins (ETH) worth approximately US$8 million. In this regard, HTX global consultant Sun Yuchen said that the amount stolen this time is equivalent to the platform's two weeks of income, but the losses caused by the attack have been fully borne. User funds are safe and the platform is still operating normally.

According to Cyvers Alerts monitoring, 4,999 Ether coins were transferred from the HTX hot wallet to an EOA address at that time. Soon after, it was discovered that HTX had performed a hot wallet migration and left a message on the chain to the hacker, emphasizing that it had obtained the other party's information. He revealed his true identity and expressed his willingness to provide a 5% white hat bonus, requiring the hacker to return the stolen funds within 7 days. The deadline is October 2, otherwise the judicial authority will be requested to intervene.

After the attack, Justin Sun posted on social media X (Twitter):

The hack cost HTX 5,000 Ethereum, but the platform fully bore the loss and resolved all issues in a timely manner. User assets are safe and the platform operates as usual.

Justin Sun then mentioned that compared to the US$3 billion in assets held by HTX users, US$8 million only accounts for a small part, and this is only equivalent to two weeks of revenue on the HTX platform. He then asked the hacker in a follow-up post Expressing goodwill, HTX expressed its willingness to provide the hacker with a bug bounty of US$400,000 (5%). If the other party is willing to return the stolen funds, HTX is even willing to hire the hacker as a white hat consultant.

We are willing to offer 5% of the stolen amount (400,000 USD) as a white hat reward to encourage the hacker to return the stolen funds. If the hacker returns the funds, we will also hire them as a security white hat advisor for HTX.

— H.E. Justin Sun (@justinsuntron) September 25, 2023

The exchange’s native token, HT, is currently trading at $2.44, down 1.3% in the past 24 hours, according to CoinGecko data.

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