HTX Resumes Operations After Hack, Pledges Full Compensation!

  • HTX (formerly Huobi) has announced the resumption of services following a temporary shutdown due to a security breach.
  • The crypto exchange assures users of full compensation for losses incurred from the hack.
  • “Our commitment to user fund safety remains unwavering,” says HTX in a statement.

Following a significant hack, cryptocurrency exchange HTX has successfully managed the crisis and is set to resume operations, ensuring user fund safety and compensation.

HTX Announces Operational Resumption

HTX, one of the world’s prominent crypto exchanges, has confirmed the resumption of its withdrawal and deposit services. While the specific time for the resumption wasn’t initially provided, the exchange reassured users of its readiness to restart operations within 24 hours. This decision follows the successful handling of a recent security breach that prompted a temporary halt in services.

Addressing the Security Breach and User Compensation

The recent hack at HTX, which resulted in a significant loss of funds, has been “appropriately handled,” according to the exchange. HTX has pledged to fully compensate its users for the losses caused by this attack, emphasizing the safety of user funds. The platform reassured its community that the lost amount was relatively small and would not impact the exchange’s normal operations.

Details of the HTX and Heco Chain Hack

On November 22, HTX and Heco Chain fell victim to a major exploit, resulting in a loss of over $100 million across various assets. The breach was initially detected by on-chain investigator Cyvers Alerts. The breakdown of the losses showed that HTX lost approximately $23 million, while Heco Chain’s losses amounted to over $85 million. HTX’s advisor, Justin Sun, publicly acknowledged the incident and detailed the company’s response plan.

HTX’s Commitment to Security and Customer Well-being

Following the hack, HTX has reinforced its commitment to enhancing security measures to prevent future incidents. The exchange’s focus remains firmly on its customers’ well-being, ensuring that all affected users are compensated and that their funds are secure. This incident follows an earlier $8 million attack on HTX in October, from which the exchange successfully recovered and compensated all losses.

Conclusion

HTX’s swift response to the hacking incident, coupled with its commitment to user compensation and enhanced security measures, demonstrates its dedication to maintaining a secure and trustworthy platform for its users. As HTX resumes operations, the crypto community will closely watch its recovery and efforts to bolster security in the ever-evolving digital currency landscape.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Ethereum Holdings Surge: Bitmine Immersion Tech Leads With 1.87M ETH as Top Treasuries Report Massive 30-Day Gains

COINOTAG, on September 7, citing data from strategicethreserve, highlighted...

ETH On-Chain UTXO Distribution: Murphy Reveals Inverted “F” Pattern and $2.4K–$2.97K Support

COINOTAG News on September 7 reported on-chain analyst Murphy’s...

Hyperliquid’s Largest ENA Holder Opens $36M 5x Long on ENA and $12.85M 10x Short on ETH

According to HyperInsight monitoring, the largest holder address 0x6b7...c5e9c...

El Salvador Adds 8 BTC, Total Reaches 6,291.18 Bitcoin Worth $690M After Legal-Tender Move

On September 7, 2021 El Salvador became the first...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img