Crypto

Crypto exchange HTX reinstates Bitcoin services after $30M hack

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Bitcoin (BTC) deposits and withdrawals have returned to the Justin Sun-linked crypto exchange HTX, formerly Huobi, after it suffered a $30 million exploit on Nov. 22.

In a Nov. 26 blog post, HTX said deposit and withdrawal functionality is back for multiple currencies, including BTC, Ether (ETH), Tron (TRX) and Tether (USDT).

In a later post on X (Twitter), Justin Sun said HTX aims to gradually bring back functionality to the remaining cryptocurrencies, which he expects to be done “by next week.”

HTX’s exchange hot wallets were drained of $30 million and was one of the four hacks in half as many months on Sun-linked or controlled crypto platforms.

The HTX Eco (HECO) Chain bridge — consisting of HTX, Tron and BitTorrent, all linked to or controlled by Sun — was attacked for $86.6 million on the same day as HTX.

Related: HECO Chain bridge compromised over $86.6M sent to suspicious addresses

The Sun-owned crypto exchange Poloniex also suffered a $100 million attack on Nov. 10, which blockchain security firm CertiK said was likely due to a private key compromise.

On Sept. 24, shortly after Huobi was rebranded to HTX, an attacker stole nearly $8 million in crypto from the exchange’s hot wallet.

Magazine: Asia Express: HTX hacked again for $30M, 100K Koreans test CBDC, Binance 2.0