Posted 9/13/2023, 3:45:00 PM

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

Huobi exchange rebranded to "HTX", echoing the name of bankrupt FTX and drawing community criticism.
"HTX" represents Huobi Token, Tron blockchain, and the company's 10th anniversary.
Some question the rebrand after Huobi's legal issues like closure in Malaysia.
Other crypto companies like GTX have also seemingly borrowed from FTX's name.
The rebrand aims to mark Huobi's anniversary but is seen as controversial.

cointelegraph.com

Relevant topic timeline:

9/25/2023

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

Huobi's rebranded platform HTX has suffered a hack resulting in a loss of $8 million, but all funds are secure and trading operations have resumed, with the company offering the hacker a $400,000 bug bounty and a role as a security advisor.

10/8/2023

Hacked Crypto Exchange Recovers Nearly All Funds by Offering Hacker a Bounty

Huobi Global's crypto exchange HTX has recovered the 5,000 ETH that was stolen by a hacker in September and has issued a 250 ETH bounty, while also acknowledging the increasing number of hacks in the crypto industry.