Heco Bridge Attack: Hackers Drain Over 346 Billion Shiba Inu Tokens and $86M in Total Cryptos 🔐💸

Blockchain security firm PeckShield reveals a major exploit on Heco Bridge, a cross-chain protocol connecting HTX's Heco Chain and Ethereum. The attack resulted in the theft of over $86 million, with Shiba Inu (SHIB) taking a significant hit.

## Stolen Assets Include:

- 346.9 billion SHIB ($2.8M)

- 42.11 million USDT

- 10,145 ETH ($20.42M)

- 489 HBTC ($15.63M)

- 173,200 UNI ($932,000)

- 610K USDC

- 42,399 LINK ($600,000)

- 347,000 TUSD

## Immediate Action by Attackers 👾💼

Following the breach, hackers swiftly leveraged a decentralized exchange to convert the stolen assets into Ether, accumulating a total of 41,434 ETH, valued at $85.76 million at the time of writing.

## Justin Sun's Response 🌐🔍

HTX advisor Justin Sun acknowledged the attack, confirming the temporary suspension of deposits and withdrawals to mitigate further losses. Sun assured users of the safety of HTX's funds and stated that an investigation is underway to determine the root cause of the breach. Deposit and withdrawal services will resume once the investigation concludes.

## Sun's Ongoing Struggle Against Attacks 🛡️💼

This incident adds to a series of attacks on Justin Sun's crypto projects. In October, iToken (formerly Huobi Wallet) suffered a $263,000 hack, leading to asset swaps and transfers. Earlier this month, Sun's exchange Poloniex experienced a significant breach, resulting in a $120 million loss. Sun has taken legal action, involving authorities from China, the U.S., and Russia to apprehend the culprits.

Stay tuned for updates as the investigation unfolds. #Cryptocurrency #SecurityBreach #HECOBridge #CryptoAttack #JojoDaily