Crypto exchange HTX reinstates Bitcoin services after $30M hack

Jesse Coghlan7 hours agoCrypto exchange HTX reinstates Bitcoin services after $30M hackJustin Sun said he expects functionality for other cryptocurrencies to gradually be reinstated, with full services returning by next week.2783 Total views15 Total sharesListen to article 0:00NewsJoin us on social networksBitcoin (BTC) deposits and withdrawals have returned to the Justin Sun-linked crypto exchange HTX, formerly Huobi, after it suffered a $30 million exploit on Nov. 22.

In a Nov. 26 blog post, HTX said deposit and withdrawal functionality is back for multiple currencies, including BTC, Ether (ETH), Tron (TRX) and Tether (USDT).

In a later post on X (formerly Twitter), Justin Sun said HTX aims to gradually bring back functionality to the remaining cryptocurrencies, which he expects to be done “by next week.”The majority of the work has been accomplished, and we aim to restore the remaining currencies gradually in the next few days, with all work expected to be completed by next week.— H.E. Justin Sun 孙宇晨 (@justinsuntron) November 26, 2023

HTX’s exchange hot wallets were drained of $30 million in the hack — the fourth in two months on Sun-linked or controlled crypto platforms.

The HTX Eco Chain bridge, or HECO Chain — consisting of HTX, Tron and BitTorrent, which are all linked to or controlled by Sun — was hacked for $86.6 million on the same day as HTX.

Related:HECO Chain bridge compromised over $86.6M sent to suspicious addresses

The Sun-owned crypto exchange Poloniex also suffered a $100 million attack on Nov. 10, which blockchain security firm CertiK said was likely due to a private key compromise.

On Sept. 24, shortly after Huobi was rebranded to HTX, an attacker stole nearly $8 million in crypto from the exchange’s hot wallet.

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