When asked whether he received the white hat incentive of 250 ETH (about $400,000), Tron co-founder Justin Sun said he had.
In a public statement, Sun want to say the “right choice” the hacker had taken in returning the stolen monies to the consolidated crypto-exchange. Sun also noted that it is not simple to safeguard user assets, emphasizing the necessity to fortify the blockchain’s security.
On September 25th, Sun tweeted a collection of tweets discussing the breach on Huobi Global (now HTX), a cryptocurrency exchange.
Huobi has Tron (TRX) creator as an adviser. That’s why he was pushing to get the story out there; he wanted to convince the crypto-exchange’s clientele that their losses had been covered and the service was back up.
Sun had told customers that the $8 million in stolen ETH was a minuscule fraction of the $3 billion in assets owned by Huobi customers.
Furthermore, it seems that the cryptocurrency exchange has, at least temporarily, secured all the cash necessary to provide regular trading activities to its consumers.
In the same collection of tweets, Sun infamously offered the hacker $400,000 to return all the loot. Sun had offered the hacker a white hat bonus and a job with Huobi as a “security consultant.”
Part of the “corrupted” addresses were released, and Sun said that if the hacker didn’t make “the right choice,” the crypto-exchange would turn over the case to the police.
Huobi, formerly known as the Huobi Exchange, changed its name internationally to HTX in the middle of September.
This is a calculated step toward strengthening its international profile and expanding support for its English-speaking audience.
For the second time, it is Justin Sun who is at the helm of this crypto-exchange’s development; his goal is to make HTX a dominant player in the rapidly growing market for exchanging digital assets.
Sun, a visionary consultant at Huobi, has stated his desire to “transcend the China-dominated image” of the cryptocurrency exchange. This can happen only if HTX collaborates with national governments. At the present, it seems like Latin American nations like Argentina and Brazil are competing with places like Lithuania and Dubai in Australia.
