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Crypto Platforms HTX and Heco Chain Hacked, $115M Stolen

Digital entrepreneur Justin Sun assures that losses will be covered following the major security breach.

  • Two cryptocurrency platforms linked to digital entrepreneur Justin Sun, HTX and Heco Chain, were hacked, with an estimated $115 million stolen.
  • HTX, formerly known as Huobi, lost around $30 million in cryptocurrencies, while Heco Chain lost an estimated $85.4 million, mainly in stablecoin USDT and ether.
  • HTX has temporarily suspended deposit and withdrawal services as a precautionary measure and is working to identify the source of the attack.
  • This follows a recent hack of another Sun-backed exchange, Poloniex, which resulted in $100 million worth of cryptocurrencies being stolen.
  • Sun has assured that HTX will cover all losses users suffered due to this security breach.
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