Advisor Justin Sun Provides Latest Update on HTX Global (Huobi) Hack

Crypto News – The revelation that HTX had lost 5.000 ETH in a hacking attack on September 25, 2023, shocked the crypto community. Justin Sun, the company’s advisor, stated new methods to address the issue after Huobi, now known as HTX Global, was hacked and Ethereum (ETH) worth $8 million was stolen.

Advisor Justin Sun Provides Latest Update on HTX Global (Huobi) Hack

Sun promised users in the community that the platform always prioritizes the security of user assets in response to the uproar around the Huobi hack. Furthermore, he said that a Twitter Space will be held on September 26, 2023, following the exchange to discuss the security of the platform.

In order to guarantee that the platform is always prepared for such events, the TRON founder also confirmed the establishment of a SAFU fund. Sun said that the exchange’s multi-backup, multi-signature cold wallet technique offers 100 percent security.

Hackers Ignore Sun’s Offer For Now

The 5% incentive from the stolen fund offered by Justin Sun to the HTX Global hackers has not received a response as of yet. But before they can return the funds, there is a week-long deadline. If the funds were not returned by the deadline, Sun threatened legal action.