Cryptocurrency exchange HTX Global has suffered a loss of 5,000 Ether (ETH), worth approximately $8 million USD, due to a hacker attack, the company announced today.
The hack targeted HTX’s hot wallet, which contains a small percentage of user funds for more frequent transactions. HTX stated that it has already fully covered the losses from its own reserves and that all user assets remain secure.
HTX @HTX_Global has suffered a loss of 5,000 #Eth ($8 million USD) due to a hacker attack. 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.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) September 25, 2023
The company did not provide details on how the attack was carried out but said its security team resolved the breach and prevented further unauthorized access. HTX is offering a 5% bonus reward for any information leading to the recovery of the stolen funds.
This incident comes just weeks after cryptocurrency exchange Huobi suffered a data breach impacting nearly 5,000 users. Huobi attributed that breach to phishing attacks and urged users to be vigilant against suspicious emails and links.
Cryptocurrency thefts and hacks have been on the rise as the market expands. Exchanges are often targets due to the large amounts of funds they hold. HTX stated it will be conducting a security review in response to this breach.
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