Currently, the HTX crypto exchange has fully covered the losses, all assets are safe and trading operations are continuing as usual.
Justin Sun said that $8 million represents the platform’s revenue for 2 weeks and is a relatively small amount compared to users’ assets of $3bn.
According to the exchange’s advisor, HTX is ready to pay the hacker a reward of $400 K for the discovery of vulnerabilities in the system in exchange for the return of stolen funds. He also added that the platform will hire the hacker as a security consultant.
The hacked wallet is one of the most popular HTX wallets. According to Arkham, the equivalent of $500 million has been deposited since its inception in March.
According to CoinMarketCap, the HTX exchange token has fallen in price by 1.24% over the past 24 hours and is trading at $2.43 at the time of writing this article.