Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Justin Sun said he expects functionality for other cryptocurrencies to gradually be reinstated, with full services returning by next week.
Bitcoin (BTC) deposits and withdrawals have returned to the Justin Sun-linked crypto exchange HTX, formerly Huobi, after it suffered a $30 million exploit on Nov. 22.
In a Nov. 26 blog post, HTX said deposit and withdrawal functionality is back for multiple currencies, including BTC, Ether (ETH), Tron (TRX) and Tether (USDT).
In a later post on X (formerly Twitter), Justin Sun said HTX aims to gradually bring back functionality to the remaining cryptocurrencies, which he expects to be done “by next week.”
The majority of the work has been accomplished, and we aim to restore the remaining currencies gradually in the next few days, with all work expected to be completed by next week.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) November 26, 2023
HTX’s exchange hot wallets were drained of $30 million in the hack — the fourth in two months on Sun-linked or controlled crypto platforms.
The HTX Eco Chain bridge, or HECO Chain — consisting of HTX, Tron and BitTorrent, which are all linked to or controlled by Sun — was hacked for $86.6 million on the same day as HTX.
Related: HECO Chain bridge compromised over $86.6M sent to suspicious addresses
The Sun-owned crypto exchange Poloniex also suffered a $100 million attack on Nov. 10, which blockchain security firm CertiK said was likely due to a private key compromise.
On Sept. 24, shortly after Huobi was rebranded to HTX, an attacker stole nearly $8 million in crypto from the exchange’s hot wallet.
Magazine: Asia Express: HTX hacked again for $30M, 100K Koreans test CBDC, Binance 2.0
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.