Huobi Suffered An $8 Million Attack

By
Tana Harina

09/25/2023

4,3

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The HTX (formerly Huobi) exchange has been hacked, resulting an $8 million in cryptocurrency stolen.

CyberAlerts specialists were the first to report this, having discovered that one of the exchange's hot wallets had been hacked. 5,000 ETH were stolen.

🚨Red Code🚨Yesterday, our ML-powered system detected a suspicious transaction involving @HuobiGlobal and @HTX_Global.
Despite our attempts to reach out, we received no response. An EOA received 5K $ETH $7.9M from @HuobiGlobal's hot wallet.

🔍 This morning, we spotted… pic.twitter.com/3oqHhAVi8P
— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) September 25, 2023

Having discovered the loss, the exchange identified the fraudsters' addresses and sent them a message requesting them to return the funds by October 2 and keep 5%. However, the fraudsters moved 1,001 ETH to another wallet.

Tron co-founder Justin Sun later confirmed the exchange hack and said that all losses were covered.

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

On the same day the Mixin Network protocol was attacked, the hacker managed to withdraw about $200 million in cryptocurrency. CyberAlerts said in a separate tweet that the fraudster could have potentially transferred funds to Huobi and Binance or interacted with those platforms in some way earlier. The analytics company asked the exchanges to help it identify the fraudsters from the addresses it found.

🚨UPDATE🚨Our internal investigation has uncovered suspicious funding transactions involving @MixinKernel hacker addresses. 😱

Two of hacker addresses received 51 $ETH from 0x1795F0eBDa5A836aE63F28CE546E72de069A8bd2 who was interacted with @HuobiGlobal and @binance 👀

The… https://t.co/1iMqQ3F6Jz pic.twitter.com/gZRz08VNvZ
— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) September 25, 2023

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