After losing 5,000 ETH in late September, HTX worked quickly to recover the money from the hacker. After resolving the issue, Huobi Global’s cryptocurrency exchange HTX announced a 250 Ether bounty and confirmed the restitution of the assets that had been stolen by a hacker in late September.
On September 25, 5,000 ETH from one of HTX’s hot wallets, valued about $8 million at the time, were stolen. The business contacted the hacker shortly after the attack and claimed to know who they were. In the end, HTX proposed to pay a $400,000 5% prize and refrain from taking legal action in exchange for the return of 95% of the assets by an Oct. 1 deadline.
Investor in Huobi Global and HTX advisor Justin Sun wrote on X (previously Twitter) on October 7: “The hacker made the right choice. For their assistance, we want to thank everyone in the sector.
“We have been working relentlessly to strengthen blockchain security and safeguard user assets. Our constant endeavour is to provide complete security for user valuables! We appreciate the community and our users’ steadfast support. he continued.
In the third quarter of 2023, hackers were everywhere. Recent data from blockchain security platform Immunefi shows that in Q3 2023, there were 76 hacks on crypto and Web3 projects and businesses, up from 30 in Q3 2022.
The decentralised cross-chain protocol Mixin Network was also compromised for about $200 million the same week HTX was, after the hackers broke into a third-party cloud service provider.
While Mixin Network offered a $20 million bug bounty if they were to return the money, it doesn’t seem likely that they will.
The Mixin exploit may have been created by North Korean hackers, according to Anne Neuberger, the United States’ deputy national security adviser for cyber and emerging technology, who made the suggestion to Bloomberg on October 6. According to her, the tradecraft “appears to be the same type of tradecraft we have previously seen from the DPRK.”