Crypto News – After a Nov. 22 exploit caused the cryptocurrency exchange HTX (previously Huobi) to halt operations and lose $30 million, investors have been withdrawing their funds from the exchange.
Crypto Exchange HTX Experiences a Net Outflow of $258 Million as a Result of Vulnerabilities
DefiLlama data indicates that from Nov. 25, the day HTX reopened for business, and Dec. 10, the exchange experienced net outflows of about $258 million.
HTX‘s reserves consist of 31.8% Tron and 32.3% Bitcoin, according to DefiLlama statistics. According to CoinMarketCap data, HTX is now the sixteenth-largest cryptocurrency exchange by daily trading volume, having transacted $1.7 billion in the previous day.
HTX Was Attacked Four Times
Sun stated an investigation was in progress and assured any impacted HTX users that they would receive full reimbursement for the hot wallet losses upon HTX’s resumption on Nov. 25.
Four hacks have targeted HTX and other Sun-affiliated organizations in the last two months, including the HTX Eco Chain (HECO) bridge and cryptocurrency market Poloniex. On September 24, 2023, an unidentified attacker stole around $8 million in cryptocurrency in the first HTX breach, which happened less than two weeks after the exchange changed its name to HTX.
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