1 year ago
Justin Sun’s cryptocurrency speech HTX has been hacked doubly since rebranding from Huobi successful September 2023, raising questions from the crypto community.
Tron laminitis Justin Sun's crypto businesses person travel nether repeated onslaught from hackers implicit the past 2 months, with astatine slightest 4 hacks of the largest exploits targeting platforms related to the crypto entrepreneur.
Sun’s HTX crypto speech has been hacked astatine slightest doubly since the level rebranded from Huobi connected Sept. 13, 2023. The archetypal HTX hack occurred conscionable a fewer days aft the rebranding, with an unknown attacker stealing astir $8 million successful crypto connected Sept. 24, 2023.
In its 2nd hack, HTX reportedly mislaid $13.6 million owed to a blistery wallet breach successful an incidental that affected the wider HTX, Tron and BitTorrent ecosystem. Previously known arsenic Huobi, HTX was acquired by Sun successful October 2022.
The hackers person besides focused connected different Sun-related cryptocurrency platforms, including Sun-owned cryptocurrency speech Poloniex and Huobi’s HTX Eco Chain (HECO) bridge.
Poloniex suffered a important information breach connected Nov. 10, erstwhile attackers stole astatine slightest $100 cardinal successful cryptocurrency from the exchange. Sun, who acquired the business successful 2019, reported connected X (formerly Twitter) that Poloniex disabled the wallet. According to the blockchain information steadfast CertiK, the incidental was apt a “private cardinal compromise.”
Huobi’s HECO concatenation bridge, a instrumentality designed for moving integer assets betwixt HECO and different networks similar Ethereum, besides suffered a monolithic breach. On Nov. 22, chartless hackers compromised HECO, sending at slightest $86.6 cardinal to suspicious addresses.
The platforms mislaid a combined sum of astir $208 cardinal successful each 4 hacks implicit the past 2 months. Despite Tron laminitis Sun’s committedness to compensate losses for each 4 incidents, immoderate crypto enthusiasts person urged the assemblage to enactment distant from Poloniex and HTX, with respective questioning who mightiness beryllium progressive successful the hacks.
One crypto perceiver argued that Sun is “clearly successful large trouble,” noting that Poloniex has been closed for 5 days and HTX offers 100% involvement connected cryptocurrencies similar Bitcoin.
HTX’s involvement offering for Bitcoin. Source: HTX EarnRelated: KyberSwap DEX exploited for $46 million, TVL tanks 68%
HTX did not instantly respond to Cointelegraph’s petition for comment.
The ongoing speculation comes months aft the United States Securities and Exchange Commission filed a civilian suit against Tron Founder Sun, charging him and his companies similar Tron and BitTorrent for fraud and different securities instrumentality violations successful March 2023.
A U.S. tribunal subsequently issued a summons to Sun’s Singapore address concerning the lawsuit successful April 2023. In August, the SEC said that its litigation against Sun was ongoing.
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