Huobi Global’s virtual currency HTX has issued a 250 Ether and verified the restitution of the money that a hacker took in late September.
On September 25, HTX lost 5,000 ETH, or almost $8 million, from one of its hot wallets. The company got in touch with the hacker soon after it happened and said it knew who they were.
In the end, HTX promised not to pursue legal action and to pay a 5% reward, or around $400,000. This was contingent upon them returning 95% of the monies by October 2.
Investor for Huobi Global and HTX advisor Justin Sun wrote on October 7 on X (previously Twitter): “The hacker made the right choice.” We would like to thank all of the industry participants for their assistance!
“We have been working nonstop to strengthen blockchain security and safeguard user assets, but it is never a simple effort! Ensuring complete protection for user belongings is our constant pursuit! We appreciate the community’s and users’ ongoing support! He went on.
HTX Successfully Recovers $8 Million Stolen by Hacker, Rewards 250 ETH,HTX Successfully Recovers $8 Million Stolen by Hacker
The third quarter of 2023 has seen an increase in hacker activity. A new analysis from the blockchain security platform Immunefi states that in Q3 2023, there were 76 breaches on Web3 and cryptocurrency projects and businesses, as opposed to 30 in Q3 2022.
The decentralised cross-chain protocol Mixin Network was also compromised for around $200 million the same week as HTX was, following an intrusion by hackers into a third-party cloud service provider.
If they returned the money, Mixin Network promised a $20 million bug bounty; nevertheless, there’s not much chance of receiving the money back.
The Mixin vulnerability may have been created by North Korean hackers, according to Anne Neuberger, the US deputy national security advisor for cyber and emerging technologies, who made this suggestion to Bloomberg on October 6.
She stated, “It looks to be the same type of tradecraft we’ve seen from the DPRK before.”
HTX Successfully Recovers $8 Million Stolen by Hacker, Rewards 250 ETH,HTX Successfully Recovers $8 Million Stolen by Hacker, Rewards 250 ETH,HTX Successfully Recovers $8 Million Stolen by Hacker, Rewards 250 ETH