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International Business Times
International Business Times
Business
Nica Osorio

HTX In The Eye Of The Cyber Storm: Justin Sun Reassures Investors After DDOS Attack

Justin Sun HTX HE Justin Sun X Crypto HECO Huobi
Trade on the go with the HTX App (iOS/Android) (Credit: YouTube Screenshot/ HTX Official YouTube Chanel)

KEY POINTS

  • Sun told investors that "all Huobi HTX services have been restored" and assured them that "all funds are safe!"
  • In September 2023, cybercriminals managed to siphon off roughly 4,999 ETH (valued at approximately $7.9 million) from HTX
  • Two months later, HTX and HECO bridge had a breach and suffered a loss of over $80 million in crypto

Cryptocurrency exchange HTX, along with its decentralized autonomous organization counterpart, HTX DAO, has successfully restored its services following a disruptive distributed denial-of-service (DDOS) attack last week. Crypto mogul Justin Sun, who advises the exchange, has provided reassurances to stakeholders, confirming that the cyber intrusion did not result in any loss of funds.

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