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.