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Huobi Suffered An $8 Million Attack
09/25/2023

Huobi Suffered An $8 Million Attack

09/25/2023
4,3

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.

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.

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.


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The materials found on the Cryptonica website shall not be taken as individual investment recommendations. The financial instruments or operations mentioned therein may not align with your investment profile or objectives. We assume no responsibility for any missing facts or inaccurate information in the texts. Cryptocurrencies are financial assets with high risk and volatility. Therefore, it is crucial that you conduct your own research on financial instruments and make independent decisions. Before engaging in any actions related to cryptocurrency, you shall study, understand, and comply with the laws applicable in your region and country.

Justin Sun Binance


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