Justin Sun Might Be Behind HTX, Heco Chain Hack
This incident follows a string of exploits related to Justin Sun, who just saw Poloniex suffer a $100 million hack this month.
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HTX Recovers $8M in Stolen Funds; Rewards Hacker With Whitehat Bounty
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Cryptocurrency exchange HTX, previously known as Huobi, has successfully recovered crypto funds that were stolen by a hacker in late September.
The exchange has also fulfilled its promise of a 5% white hat bonus to the hacker for returning the stolen assets.
Loss of 5,000 ETH
On September 25, HTX fell victim to a security vulnerability, resulting in the theft of 5,000 ETH from one of its hot wallets.
After the breach, the exchange reached out to the attacker and verified their identity.
Justin Sun, HTX investor and adviser, confirmed the recovery of the stolen funds in a post on X (formerly Twitter) on Saturday, October 7.
He also stated that the hacker had been awarded a white hat reward of 250 ETH, equivalent to approximately $410,000, as previously agreed.
Cause of the Breach
The hacker left a message within one of the recovery transactions.
This is possibly an attempt to inform the exchange about how they exploited the hot wallet and how to prevent such incidents in the future.
The message read:
"The leak of your system hot wallet's private key is the cause. You should change the system hot wallet address and reduce the system hot wallet rate."
In response, HTX conveyed a message along with the 250 ETH white hat bounty, stating:
"You have made the right choice. Please submit a security vulnerability analysis report to the email so that we can avoid similar incidents in the future. Your privacy will be protected."
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