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

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

Advisor Justin Sun spoke about the HTX Global hack.

450
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.

Advisor Justin Sun Provides Latest Update On Htx Global (Huobi) Hack
Written by
lectertodd

Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Leave a comment

Leave a Reply

Related Articles

Sui Blockchain Faces First Major Outage: What Happened and What’s Next

Sui blockchain faces its first major outage—learn what happened, the impact on...

MicroStrategy Stock Reaches New High as Bitcoin Surges Above $98,000

MicroStrategy’s stock surged to a new all-time high as Bitcoin reached $98,000,...

Mysten Labs Resolves Sui Blockchain Outage, dApps Resume Functioning

Mysten Labs Resolves Sui Blockchain Outage, dApps Resume Functioning

Top 3 Cryptos on November 21: Qubetics Soars as Ethereum and Solana Face Resistance

Top 3 Cryptos on November 21: Qubetics Soars as Ethereum and Solana...