đš MAJOR SECURITY BREACH: $115M Vanishes in Cyberattack Targeting Crypto Firms Linked to Justin Sun
In a shocking development, two crypto companies associated with the prominent digital entrepreneur Justin Sun have been hit by separate hacking incidents, resulting in an alarming loss of up to $115 million.
đ Breached Platforms: HTX Digital Currency Exchange and Heco Chain
The platforms under attack, including the HTX digital currency exchange (previously Huobi), fell victim to a breach where hackers managed to siphon off around $30 million worth of cryptocurrencies, as officially confirmed by HTX.
đ Justin Sun's Acknowledgment and Reassurance
Justin Sun, an investor in HTX and connected to the Heco Chain, took to social media to acknowledge the unfortunate events. In a statement on X, he provided reassurance to the community, stating, "HTX and Heco Cross-Chain Bridge Undergo Hacker Attack."
Sun also informed the public about ongoing investigations into the cyberattack, with plans to resume services once the root cause is identified.
đž Magnitude of Loss: Surpasses $115M
As reported by market analytics firm CryptoQuant, the security breaches have led to the theft of $85.4 million in cryptocurrency from the Heco Chain. The pilfered assets mainly consisted of stablecoin USDT and ether, along with a substantial amount of HBTC, the native coin of HTX.
đ Heightened Concerns in Cryptocurrency Security
This incident further amplifies the prevailing concerns regarding cybersecurity within the crypto sphere. The crypto space has witnessed illicit activities surpassing $7 billion through cross-chain crimes, including the recent revelation connecting North Koreaâs Lazarus Group to theft totaling around $900 million from July 2022 to the present month.