Justin Sun-linked Heco bridge and HTX exchange targeted in $100+ million crypto attack

Crypto entrepreneur Justin Sun confirmed that 2 platforms linked to him, the HTX speech and Heco bridge, suffered an attack, saying:

“HTX and Heco Cross-Chain Bridge Undergo Hacker Attack. HTX Will Fully Compensate for HTX’s blistery wallet Losses. Deposits and Withdrawals Temporarily Suspended. All Funds successful HTX Are Secure, and the Community Can Rest Assured. We are investigating the circumstantial reasons for the hacker attack. Once we implicit the probe and place the cause, we volition resume services.”

Blockchain information steadfast Cyvers Alerts estimated that the nonaccomplishment from the onslaught is much than $100 million. Meir Dolev, Cyvers Alerts’ main technological officer, said:

“We are detecting aggregate suspicious transactions connected HTX_Global hot wallets and connected HECO_Chain bridge that were astir apt executed by the aforesaid entity, full worth of $100 million.”

The hack

According to aggregate reports from blockchain information firms, Heco Bridge appears to person been drained of $87 million.

On-chain information steadfast CertiK reported the suspicious transportation of $87 cardinal from the Heco bridge, adding that the funds were divided into aggregate wallets.

Another information firm, PeckShield, corroborated the outflow, saying that the incidental was linked to a compromised operator, which has been operational since October past year.

The stolen assets see $346,994 TUSD stablecoin, much than 40,000 units of Chainlink’s LINK (over $600,000), $619,000 USDC, and 173,200 units of Uniswap’s UNI token (approximately $931,000).

Other assets progressive successful the theft are astir 350 cardinal SHIB tokens worthy $2.8 million, 489 Heco-Peg Bitcoin valued astatine $18.8 million, $42 cardinal USDT, and much than 10,000 ETH worthy astir $19 million.

Cyvers Alerts stated that each stolen assets person been converted to Ethereum and distributed to antithetic externally owned accounts (EOAs).

The information steadfast added that HTX’s blistery wallet appears to person been compromised by the aforesaid attacker, with $12.4 cardinal moved from the platform.

Meanwhile, this onslaught represents the 3rd large compromise of a Sun-linked level recently. Earlier successful the month, CryptoSlate reported that Poloniex, a crypto speech purchased by the crypto entrepreneur successful 2019, suffered a $100 cardinal hack.

Before then, HTX was exploited for $7.9 cardinal successful September. However, the attacker returned each of the assets siphoned from the platform.

The station Justin Sun-linked Heco span and HTX speech targeted successful $100+ cardinal crypto attack appeared archetypal connected CryptoSlate.