HTX Hacker Returns Stolen Funds to Exchange

All funds have been replenished, and the attack has been treated as a white-hat incident.

In late September, HTX – Huobi’s rebranded global exchange – was hit by an attack that left it almost $8 million in the hole.

The attacker made off with 4,997 ETH, worth about $7.9 million, from the exchange’s hot wallet. At the time, HTX CEO Justin Sun stated that the identity of the attacker had already been uncovered and urged them to return the funds in exchange for a 5% white hat bounty within a week. In return, Sun promised to refrain from taking legal action.

Hours after the attack, Sun informed his community that all stolen ETH had been covered by the exchange’s reserves.

“HTX has fully covered the losses incurred from the attack and has successfully resolved all related issues. All user assets are #SAFU and the platform is operating completely normally. $8 million represents a relatively small sum in comparison to the $3 billion worth of assets held by our users. It also amounts to just two weeks’ revenue.”

Nevertheless, the hunt for the exploiter was already underway.

Posted using SoMee