Huobi Global, now known as HTX, has fallen victim to a hack resulting in the theft of 5,000 Ether (ETH), worth approximately $8 million. The attack was detected and reported by blockchain security and analytics platform Cyvers. In response, Huobi Global offered the hacker a 5% “white hat bonus” in an attempt to recover the stolen funds.

Justin Sun Ensures User Funds Are Safe

Tron founder, Justin Sun, confirmed the hacking incident and the loss of 5,000 ETH on HTX. However, he emphasized that the exchange has fully covered the losses and all user funds are safe. Sun also stated that platform operations are functioning normally.

The hack occurred on September 24, with the stolen amount initially estimated at $7.9 million. HTX promptly responded to the alert and publicly announced the incident. The exchange has warned the hacker that if the stolen funds are not returned within seven days, law enforcement will be involved.

This security breach follows a recent hack on the CoinEx crypto exchange, where North Korea’s Lazarus Group stole $70 million. CoinEx had temporarily suspended deposits and withdrawals but has since resumed its services.

FAQs

1. How much cryptocurrency was stolen in the Huobi Global hack?

A hacker stole 5,000 Ether (ETH) from Huobi Global, amounting to approximately $8 million.

2. Has Huobi Global recovered the stolen funds?

No, the stolen funds have not yet been recovered. Huobi Global has offered the hacker a 5% “white hat bonus” to encourage the return of the funds.

3. Are user funds safe on HTX?

According to Justin Sun, all user funds on HTX are secure and unaffected by the hack.

4. Is Huobi Global working with law enforcement to track down the hacker?

If the hacker does not return the stolen funds within seven days, Huobi Global plans to involve law enforcement in the investigation.

5. What is the recent hacking incident that occurred on CoinEx?

CoinEx, another crypto exchange, experienced a major breach where the Lazarus Group, a hacking group from North Korea, stole $70 million. CoinEx temporarily suspended deposits and withdrawals but has since resumed its services.

Sources: CoinJournal