HTX Crypto Exchange Faces $8M Ether Loss in Recent Hack, Justin Sun Comments

HTX consultant Justin Sun has revealed that the stolen amount, totaling 500 ether (ETH) valued at roughly $8 million, constitutes a relatively small portion of the platform's overall user assets, which stand at $3 billion. The incident transpired on Sunday, promptly identified and fully compensated by HTX. Sun underscored that all user funds remain safeguarded, and trading operations continue without any interruptions.

The compromised wallet, believed to be one of HTX's active wallets, had garnered around $500 million in deposits from Binance since its inception in March, according to data from Arkham.

In a bid to address the breach, Sun introduced a $400,000 bug bounty for the individual responsible, coupled with the opportunity for potential employment as a security white hat advisor at HTX. In spite of the incident, HTX's native token, HT token, is presently valued at $2.43, undergoing a marginal 1.24% decline in the past 24 hours, according to CoinMarketCap.

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