After 5,000 ETH were stolen from HTX in late September, the exchange wasted little time in recouping their losses.
After settling a problem with stolen assets in late September, Huobi Global’s cryptocurrency exchange HTX certified the recovery of the cash and offered a 250 Ether prize. On September 25, about $8 million worth of ether (ETH) was stolen from one of HTX’s hot wallets.
The company contacted the hacker shortly after the incident and seemed to know who they were. Finally, HTX offered a 5% prize totaling roughly $400,000 and promised not to pursue legal action if 95% of the cash were returned by Oct. 2. Justin Sun, an advisor of Huobi Global and an investment in HTX, said, “The hacker made the right choice,” in an X post on October 7.
“We’d want to thank everyone who’s helped us along the way in the business world. Improving blockchain security and safeguarding user assets is a never-ending challenge, but our team has been working around the clock to make progress. Our ultimate aim is to ensure the safety of all user data.”
The third quarter of 2023 was a very bad one for hacking. Immunefi, a blockchain security platform, has released a study stating that Q3 2023 saw 76 breaches on crypto and Web3 projects/firms, up from 30 in Q3 2022.
During the same week that the HTX theft occurred, attackers accessed a third-party cloud service provider and stole around $200 million from the decentralized cross-chain protocol Mixin Network.
Even though Mixin Network issued a $20 million bug reward for their return, the chances of their receiving their money back are very low. Deputy national security adviser for cyber and new technologies Anne Neuberger told Bloomberg on October 6 that she believes North Korean hackers are responsible for the Mixin attack.
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