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‘Epic Airdrop’ Coming to HTX, Poloniex Users Affected by Recent Hacks, Promises Justin Sun

Jordan Lyanchev Nov 25, 2023 07:34
HTX was compromised twice in the span of a couple of months, but the attacker return the funds from the first hack.

Justin Sun, the founder of TRON and lead exec at Poloniex and HTX (formerly known as Huobi), promised an upcoming airdrop with assets to victims of the recent hacks against the two exchanges.

He also updated the community that HTX had resumed withdrawals for a few TRX-related crypto assets.

  • Recall the first hack against HTX, which took place at the end of September when bad actor siphoned $8 million worth of crypto. However, Sun said days later that the perpetrator had returned the funds and that the event was now considered a white-hat incident.
  • Poloniex, another crypto exchange led by TRON’s founder, suffered a similar faith in mid-November. The consequences were more severe, though, as the total amount of stolen funds equaled $125 million, despite the initial reports that claimed the losses stood at $63 million.
  • To top it all off, another exploit followed earlier this week, which involved HTX and the HECO chain bridge, with the amount stolen suggested to be almost $90 million.
  • While the investigations continue, Justin Sun took it to X to provide some promising news for the users of both platforms, reassuring them that their losses will be fully covered once again.

  • Additionally, Sun informed that HTX Global had resumed deposits and withdrawals with TRX and USDT based on Tron.
  • Both these hacks against HTX came after the company’s rebranding from Huobi Global, which took place on the 10th birthday in mid-September.
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Jordan Lyanchev

Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn