HTX Suffers a $258 mn Net Outflow After Hack
HTX, a digital-asset trading platform linked to Chinese industry mogul Justin Sun, has experienced a $258 million net outflow since resuming operations after a major hack.
The outflow indicates some clients were unsettled by the security incident last month. HTX lost $30 million worth of crypto tokens in the breach and temporarily suspended withdrawals and deposits.
The exchange is committed to providing a secure and seamless trading experience. Sun is also linked to the Poloniex platform and the HECO Bridge, which were hacked in November, leading to the theft of around $200 million in crypto.
A probe is underway, and the exchange will compensate for HTX’s hot wallet losses. Hackers also stole $8 million from the platform in September.
(With inputs from Shikha Singh)
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