HTX initially threatened to take legal action against the hacker if they didn’t return the funds by Oct. 2, however, the matter has now been resolved.
HTX was drained of 5,000 ETH in late September, and moved swiftly to get the funds back from the hacker.Huobi Global’s crypto exchange HTX has confirmed the return of the funds stolen by a hacker in late September and issued a 250 Ether (on Sept. 25, worth roughly $8 million at the time. Shortly after the hack occurred, the firm contacted the hacker and claimed to know their identity.
HTX ultimately offered to pay a 5% bounty worth around $400,000 and to not take any legal action if they returned 95% of the funds before a deadline of Oct. 2.In an Oct. 7 X post, Huobi Global investor and HTX adviser Justin Sun noted: “The hacker made the right choice. We would like to express our gratitude to everyone in the industry for their help!”
“Strengthening blockchain security and protecting user assets is never an easy task, and we have been working tirelessly! Providing full security for user assets is always our goal to strive for! We are thankful for the continued support of our users and community!” he added. We have confirmed that the hacker has fully returned all funds, as promised, and we have also paid the hack a white hat bonus of 250 ETH. The hacker made the right choice. We would like to express our gratitude to everyone in the industry for their help!from blockchain security platform Immunefi, there have been 76 hacks on crypto and Web3 projects/firms in Q3 2023, compared to 30 from Q3 2022.FTX exploiter moves $36.
Mixin Network offered a $20 million bug bounty if they returned the funds, however, the feasibility of getting the funds back appears slim.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
HTX pays 250 ETH as white hat bounty, requests hacker for platform’s security vulnerability analysis reportHTX, formerly Huobi Global, has lived up to its advisor’s promise on September 24, when Justin Sun committed to a white hat bonus of 5% if the hacker
Read more »
Humane Society de San Diego exige respuestas sobre los 250 animales desaparecidos en ArizonaHan pasado casi dos meses desde que la organización sin ánimo de lucro de San Diego transfirió 318 animales pequeños a la Humane Society of Southern Arizona de Tucson; más de 250 siguen sin aparecer.
Read more »
UPDATE: 232 Palestinians, 250 Israelis killed in Hamas-Israel escalationThe orgy of bloodshed continues both inside Israel and Gaza as Israeli forces launch retaliatory airstrikes on the besieged city while Hamas fighters engage in gunfights in various Israeli towns.
Read more »
Kennedale coach Richard Barrett picks up win number 250 as the Wildcats top Lake WorthKennedale avenges last season’s loss to Lake Worth that ended the Wildcats’ 61-game district winning streak. It was Richard Barrett’s 250th career victory.
Read more »
Ethereum Co-Founder Vitalik Buterin Makes Another ETH Sale: DetailsVitalik Buterin has moved another ETH chunk to Bitstamp, here’s how much he’s dold in 4 months
Read more »
Cardano (ADA) Outshines DOT, LINK, ETH in This Area: DetailsCardano (ADA) leads peers in developer activities
Read more »