Inside Job Suspected As Huobi Wallet Falls Victim To $263,000 Exploit

Source: NewsBtc by Semilore Faleti

According to multiple reports, iToken, formerly known as Huobi Wallet, fell victim to a crypto heist in the last week, leading to the loss of $263,000 worth of users’ assets. The incident draws much attention following recent police investigations into some of Huobi’s former staff.

$263,000 Drained From Huobi Wallet – Could There Be An Internal Involvement?

Providing more insight on this latest exploit, prominent security firm Peckshield reported that this event occurred on October 3, with the drainer stealing a total of $263,000 USDT and 92 TRX minted on the Tron network.