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Crypto News - Archive

HTX Crypto Exchange Restores Bitcoin Services After $30 Million Hack

Author

Jay Solano

Tags

Tags Editor's Choice / Slider Posts

Reading time

1 min
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Author

Jay Solano

Tags

Editor's Choice / Slider Posts

Category

Crypto News - Archive

Reading time

1 min
Last update

Author

Jay Solano

Tags

Editor's Choice, Slider Posts

Reading time

1 min
Last update


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The HTX cryptocurrency exchange, previously known as Huobi, has resumed its Bitcoin (BTC) deposit and withdrawal services after experiencing a $30 million hack on November 22.

In a blog post on November 26, HTX announced that users can now deposit and withdraw multiple cryptocurrencies, including BTC, Ether (ETH), Tron (TRX), and Tether (USDT).

Justin Sun, the owner of HTX, also mentioned on Twitter that they plan to gradually restore functionality for the remaining cryptocurrencies over the next few days, with the goal of completing the process by next week.

“Most 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.”

The recent hack on HTX was one of several security breaches that have occurred on platforms associated with Justin Sun in the past few months. The HTX Eco (HECO) Chain bridge, which includes HTX, Tron, and BitTorrent, was also targeted for an $86.6 million attack on the same day as the HTX hack.

Furthermore, Sun’s cryptocurrency exchange, Poloniex, experienced a $100 million attack on November 10, likely due to a compromise of private keys, according to blockchain security firm CertiK.

Shortly after rebranding from Huobi to HTX in September, the exchange faced another security incident in which an attacker stole nearly $8 million in cryptocurrency from its hot wallet.