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🚨 BREAKING $115M Stolen: Cybersecurity Breach Hits Justin Sun-Linked Crypto Firms
In a stunning turn of events, two cryptocurrency firms associated with renowned digital entrepreneur Justin Sun have fallen victim to two separate hacking incidents, resulting in a reported loss of up to $115 million.
🌐 Exploited Platforms: HTX Digital Currency Exchange and Heco Chain
The targeted platforms, including the HTX digital currency exchange (formerly Huobi), were compromised in a breach that saw hackers pilfer approximately $30 million worth of cryptocurrencies, as confirmed by HTX.
🔍 Justin Sun's Confirmation and Assurance
Justin Sun, an investor in HTX and connected to the Heco Chain, took to social media to confirm the unfortunate events. In a statement on X, he reassured the community, stating, "HTX and Heco Cross-Chain Bridge Undergo Hacker Attack.
Sun further mentioned ongoing investigations into the hack, with plans to resume services once the cause is identified.
💸 Extent of Losses: $115M and Counting
According to market analytics firm CryptoQuant, the breaches have resulted in the theft of $85.4 million worth of cryptocurrency from the Heco Chain. The stolen assets were predominantly in stablecoin USDT and ether, with a significant sum of HTX's native coin, HBTC, also taken.
🌐 Broader Cryptocurrency Security Concerns
This incident adds to the growing concerns over cybersecurity in the crypto space, with over $7 billion illicitly laundered through cross-chain crime, including the recent connection of North Korea’s Lazarus Group to theft amounting to approximately $900 million between July 2022 and July of this year.
🛡️ Stay Informed, Stay Secure. Follow The Blockopedia for Real-time Updates on Crypto Security!
#cryptobreach #crytposcam #crypto #cryptocurrency #crypto2023
In a stunning turn of events, two cryptocurrency firms associated with renowned digital entrepreneur Justin Sun have fallen victim to two separate hacking incidents, resulting in a reported loss of up to $115 million.
🌐 Exploited Platforms: HTX Digital Currency Exchange and Heco Chain
The targeted platforms, including the HTX digital currency exchange (formerly Huobi), were compromised in a breach that saw hackers pilfer approximately $30 million worth of cryptocurrencies, as confirmed by HTX.
🔍 Justin Sun's Confirmation and Assurance
Justin Sun, an investor in HTX and connected to the Heco Chain, took to social media to confirm the unfortunate events. In a statement on X, he reassured the community, stating, "HTX and Heco Cross-Chain Bridge Undergo Hacker Attack.
Sun further mentioned ongoing investigations into the hack, with plans to resume services once the cause is identified.
💸 Extent of Losses: $115M and Counting
According to market analytics firm CryptoQuant, the breaches have resulted in the theft of $85.4 million worth of cryptocurrency from the Heco Chain. The stolen assets were predominantly in stablecoin USDT and ether, with a significant sum of HTX's native coin, HBTC, also taken.
🌐 Broader Cryptocurrency Security Concerns
This incident adds to the growing concerns over cybersecurity in the crypto space, with over $7 billion illicitly laundered through cross-chain crime, including the recent connection of North Korea’s Lazarus Group to theft amounting to approximately $900 million between July 2022 and July of this year.
🛡️ Stay Informed, Stay Secure. Follow The Blockopedia for Real-time Updates on Crypto Security!
#cryptobreach #crytposcam #crypto #cryptocurrency #crypto2023
