HTX exchange loses $13.6M in hot wallet hack: Report
The incident affected the greater HTX, Tron, and BitTorent ecosystem. HTX, formerly Huobi Global, suffered an estimated loss of $13.6 million as part of the $86.6 million HECO Chain bridge exploit on Nov. 22. According to a report by blockchain security firm Cyvers, the losses stem from three compromised hot wallet s with users and exchange assets swapped for Ether and distributed to various Ethereum addresses thereafter. Among other coins and tokens, Cyvers says that 1,240 Ether (ETH), 7.3 million Tether (USDT), 1.78 million USD Coin (USDC), and 62,200 Chainlink (LINK) were drained during the attack. Justin Sun, de-facto owner of HTX and founder of Tron and BitTorrent, both related entities, stated shortly after the exploit that "HTX Will Fully Compensate for HTX's hot wallet Losses. Deposits and Withdrawals Temporarily Suspended. All Funds in HTX Are Secure, and the Community Can Rest Assured." Earlier in the day, the HECO Chain bridge, a cross-chain bridge created...