Cryptocurrency exchange HTX lost $8 million

Sep 26, 2023
According to an official statement from HTX advisor and Tron founder Justin Sun, the HTX hacker attack resulted in the loss of 500 ETH worth more than $8 million.

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.