A Hilarious Hack: HTX Loses $13.6 Million, But the Jokes Are On the Hackers

Hacker Steals $13.6 Million from Exchange Hot Wallet in HTX Attack

Hacker steals $13.6M from Hot Wallet

Hey there, digital asset investors! Gather round, because I’ve got some absolutely hilarious news for you. You know, just your everyday tale of hackers and their mischievous ways. So, here’s the scoop: the HTX exchange recently experienced a whopping $86 million hack on the HECO Chain bridge. Not the best day at the office, I must say! But that’s not all – brace yourselves, my friends.

According to the cyber-security legends at Cyvers, these audacious hackers managed to snatch a cool $13.6 million from HTX. Talk about sticky fingers! And get this: they even had the audacity to swap the stolen assets for some Ether (ETH). But they didn’t stop there. Oh no, these crafty hackers scattered that ETH across multiple addresses faster than a cheetah chasing its dinner. Impressive, but definitely not cool, my friends.

Here’s the play-by-play: these sneaky hackers first got their hands on 1,240 ETH, which totals over $2.5 million. That’s enough to make anyone’s head spin, right? But remember, this story is about epic proportions. So, these hackers also received deposits of USDT, USDC, and LINK from hot wallets belonging to Huobi Global. It’s like a never-ending shopping spree for these modern-day Robin Hoods. Just kidding, we don’t condone hacking, folks!

Now, Cyvers wasn’t the only one on high alert. PeckShield, those superheroes of blockchain security, also caught wind of a suspicious ETH withdrawal. And guess what? It was the same transaction that Cyvers had their keen eye on! Oh, the plot thickens, my friends. But wait, there’s more!

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According to the genius mind behind HTX, Justin Sun, the exchange will fully compensate for the losses suffered in the hot wallets. Phew, crisis averted! HTX funds are safe and sound, and a thorough investigation is underway. But let’s not get ahead of ourselves, the exchange has temporarily paused all deposits and withdrawals while they sleuth out the problem. Don’t worry, folks, HTX will be back in action soon enough!

Now, here’s a little throwback: HTX had a run-in with hackers back in September. These audacious cyber thieves drained a staggering 5,000 ETH, equivalent to about $8 million at the time. But wait, they say lightning doesn’t strike twice, right? Oh, how wrong we are! Justin Sun, the superhero advisor, swooped in, offered a 5% white hat reward, and, believe it or not, the hacker agreed to return the funds! Talk about a Hollywood ending. The hacker got a sweet 250 ETH payment, and HTX lived to fight another day.

But the HTX hack isn’t the only drama we’ve seen. Huobi Global, that big player in the crypto world, suffered a tremendous loss of $64 million to exchange outflows. Yikes! Rumor has it that Huobi’s execs were involved in some Chinese gambling shenanigans, and, well, let’s just say things didn’t go well for them. The exchange denied the stories, but hey, who doesn’t love a good rumor mill, right?

And that’s not all, my friends. Brace yourselves for some shocking news from analyst Adam Cochran. He believes, and hold onto your hats for this one, that HTX might not be as financially stable as we all thought. According to Cochran, there’s a huge discrepancy between the exchange’s accounts and what its users believe. Apparently, users think that the funds in USDT total a staggering $631 million, when in reality, it’s a mere $90 million. Oops! And there’s more – Cochran even suggests that our hero advisor, Justin Sun, might be diverting funds to his DeFi applications. Well, well, well, what a twist!

So there you have it, my fellow digital asset investors – the thrilling tale of HTX, hacking havoc, and unexpected revelations. Remember, in this crypto world, truth is stranger than fiction. Stay safe out there, my friends, and keep those crypto dreams alive!

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Hey, readers! What’s your take on the audacious HTX hack? Are you relieved that the exchange will compensate for the losses? Share your thoughts and insights in the comments below! Let’s keep the conversation going and make sure we’ve got each other’s backs in this wild world of digital assets. Until next time, stay secure and keep those investments rolling! 🚀✨

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