HTX and Poloniex assets are '100% safe', says Justin Sun after $200M hack
Cryptocurrency tycoon Justin Sun has said assets held on HTX and Poloniex are "100% safe" following last month's hack in which more than $200 million was siphoned from both exchanges.
Both exchanges have opened withdrawals for certain assets, although several altcoins remain blocked. Bitcoin (BTC) and Tron (TRX) are the two digital assets that could retire; This led to both tokens trading at a premium on Poloniex over the past few weeks, meaning users would have to take a haircut of up to 10% to liquidate their asset and withdraw another.
The withdrawal freeze came after hackers stole $114 million from Poloniex hot wallets on November 10; This was followed by the theft of $97 million from HTX and the Heco Chain blockchain protocol. “At this time, Poloniex and HTX have recovered from the attack and we are resuming tokens one by one,” investor Justin Sun told CoinDesk. at Poloniex and HTX advisor. “I think for HTX, we have already recovered 95% in terms of assets worth dollars. At Poloniex, we have recovered around 85% in terms of dollar asset value.”
“And also note that since we have already covered all token losses on the platform, on HTX and Poloniex, 100% of the assets are 100% safe,” Sun added. “Although in terms of the exchanges themselves, we basically need to make those profits in the future. But for clients’ assets, it is 100% safe.”
An HTX spokesperson told CoinDesk: “The recent exit represents a small fraction of our total reserves, and HTX remains in stable and healthy operation.”
