HTX, the crypto exchange for Huobi Global, recently confirmed the return of all the funds that were stolen by a hacker in the latter half of September, after which 250 Ether was issued as a bounty- after the issue was solved. One of the hot wallets of the crypto exchange was drained of around 5,000 ETH on the 25th of September, which had a worth of $8 million.
Shortly after the hack took place, the firm went on to contact the hacker and claimed to have known the identity. The crypto exchange then went on to offer a bounty of 5%, which had a worth of $400,000, and do not take any legal action if they managed to return around 95% of the funds before the deadline of the 2nd of October.
HTX Has Secured The Funds That Had Been Stolen
In an X post made on the 7th of October, Justin Sun, the investor of Huobi Global, as well as the adviser of HTX, went on to note that the hacker had made the right choice- and they would like to express their gratitude to everyone in the industry for the help that they had provided. He went on to add that it was never easy to strengthen blockchain security, whilst protecting the assets of the users, and they had been working pretty tirelessly for that. Interestingly, providing full security for the user assets would always be a goal to strive for.
As it turns out, the same week that HTX ended up being hacked, Mixin Network, the decentralized cross-chain protocol was also exploited for around $200 million- after the attackers had breached a third-party cloud service provider.
