Posted 9/25/2023, 2:54:00 PM

HTX Crypto Exchange Hacked, Loses $8M in Ether; Funds Covered, No User Impact

HTX crypto exchange hacked, loses $8M in Ether according to Justin Sun
Incident occurred Sunday; funds fully covered by HTX, no impact to users
Hacked wallet was a hot wallet; received $500M from Binance since March
HTX offers hacker $400k bug bounty and job to return funds
HTX native token HT down 1.24% last 24 hours, trading at $2.43

coindesk.com

Relevant topic timeline:

9/13/2023

Huobi's Rebrand to HTX Draws Criticism for Echoing Bankrupt FTX

Cryptocurrency exchange Huobi is rebranding to "HTX" in celebration of its 10th anniversary, drawing controversy and comparisons to the bankrupt exchange FTX.

10/8/2023

Huobi Recovers $8 Million in Stolen Ethereum After Contacting Hacker and Offering Bounty

Huobi Global's cryptocurrency exchange has recovered $8 million in stolen Ether through negotiations with a hacker, who accepted the offer and returned the funds.