HTX exchange grapples with a $258 million net outflow following four cyber attacks in the last two months. Diverse reserves and substantial trading volumes reflect its continued influence, but persistent security challenges highlight broader concerns in the cryptocurrency ecosystem.
BerniceHTX, the digital-asset trading platform associated with industry figure Justin Sun, witnessed a considerable $258 million net outflow following its reactivation after a significant security breach. Data from DefiLlama between November 25 and December 10 showcased the funds departing the exchange, signifying unease among some clients due to the prior security incident. HTX encountered a $30 million loss in crypto tokens during the breach, prompting temporary suspension of withdrawals and deposits as a precautionary measure.
JoyBillionaire Elon Musk has always been very vocal about his support for meme coin Dogecoin, and his frequent postings about the cryptocurrency had sent it flying high in the first half of 2021.
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