Security breaches in the cryptocurrency market are endless. This time, hackers took over the HECO Chain bridge and hacked the crypto exchange HTX. After this, the attackers transferred over $86.6 million in altcoins to suspicious addresses. Tron’s founder Justin Sun made a statement regarding the HTX hacking incident. Sun stated that it will fully compensate users for their losses.
Attackers hacked HTX and took over the HECO Chain bridge!
Blockchain security firm PeckShield reported the hack in question. The exchange then suspended withdrawals and deposits. Exchange CEO Justin Sun said HTX will fully compensate users for losses. According to data shared by PeckShield, more than $86.6 million in crypto assets were transferred from the HECO Chain bridge to suspicious addresses. The security firm claims that the bridge is in danger and that there is abuse going on.
In response to the incident, Tron founder Justin Sun announced that HTX will fully compensate users for losses incurred in the hacking incident. The company also temporarily suspended deposits and withdrawals while it investigates the incident. The manager stated that services will continue after the investigation is completed. In this context, Sun shared the following from his X account:
HTX and Heco Cross-Chain Bridge were attacked by hackers. HTX will fully offset HTX’s hot wallet losses. Deposits and withdrawals have been temporarily suspended. All funds on HTX are safe and the community can rest assured. We are investigating the specific reasons for the hacker attack. Once we complete the investigation and determine the cause, we will resume services.
Details coming…