HTX Global, a prominent cryptocurrency exchange, suffered a loss of $7.9 million. This alarming incident was first brought to light by the sharp monitoring of Theo CyversAlerts. Such revelations have intensified the ongoing debate about the security measures of Bitcoin exchanges.
Interestingly, Huobi Global, another heavyweight in the crypto realm, had a transactional link with HTX Global. Despite the gravity of the situation, both entities have maintained a tight-lipped stance, further fueling speculations. A closer look reveals a transfer of 5,000 ether, amounting to $7.9 million, from Huobi Global’s hot wallet.
CyversAlerts’ investigative prowess unearthed some disconcerting facts from HTX Global’s support portal. An unanticipated movement in their hot wallet was detected, which, upon further scrutiny, was attributed to a security breach. The IP address associated with this unauthorized access can be traced to [insert hacker address here], as per Etherscan’s records.
In a twist, Huobi Global’s subsequent actions have left many puzzled. Etherscan data indicates that the exchange offered a 5% reward to the hacker, termed a “white hat incentive.” The specifics of this unusual proposal, predominantly in Chinese, are documented in a transaction on Etherscan at [transaction link]. The silence from both Huobi and HTX on this matter has only deepened the mystery.
It’s worth noting that this isn’t CyversAlerts’ maiden exposé. They shed light on a massive $70 million security lapse at CoinEx a fortnight ago. Their findings highlighted suspicious activities involving CoinEx’s Ethereum hot wallet, leading to a loss of around $27.8 million across Ethereum, TRON, and Polygon networks.
The market repercussions of these breaches are palpable. HT, HTX Global’s native token, has seen a 1.21% decline, with its current value hovering around $2.44.