{"id":552812,"date":"2023-09-25T22:00:36","date_gmt":"2023-09-25T22:00:36","guid":{"rendered":"https:\/\/uniquehot.com\/?p=552812"},"modified":"2023-09-25T17:37:02","modified_gmt":"2023-09-25T17:37:02","slug":"huobi-hacked-for-8-million-worth-of-eth-offers-hacker-5-bounty","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/huobi-ht\/huobi-hacked-for-8-million-worth-of-eth-offers-hacker-5-bounty\/","title":{"rendered":"Huobi Hacked For $8 Million Worth Of ETH, Offers Hacker 5% Bounty"},"content":{"rendered":"<p><span style=\"font-weight: 400\">According to Arkham Intel, the Huobi crypto exchange platform (HTX) fell victim to a <a href=\"https:\/\/x.com\/ArkhamIntel\/status\/00810984?s=20\" target=\"_blank\" rel=\"noopener nofollow\">hacking incident<\/a> resulting in the theft of 5000 ETH, valued at approximately $8 million. The hacker reportedly moved 1,000 ETH to a separate wallet, 0x799, shortly after compromising the platform and has since remained silent.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/ripple-2\/ripple-cto-why-a-higher-xrp-price-is-beneficial-for-adoption\/\" target=\"_blank\" rel=\"noopener \">Ripple CTO Weighs In: Why A Higher XRP Price Is Beneficial For Adoption<\/a><\/div>\n<h2><span style=\"font-weight: 400\">Huobi Resolves Breach, Offers Hacker Lucrative Deal For Stolen ETH<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Justin Sun, the Founder of TRON and an Advisor to Huobi, <\/span><a href=\"https:\/\/x.com\/justinsuntron\/status\/24822748?s=20\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">confirmed <\/span><\/a><span style=\"font-weight: 400\">the incident on X (formerly Twitter), stating that HTX suffered a loss of 5,000 ETH due to the hack. Sun stated:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">HTX has suffered a loss of 5,000 ETH ($8 million USD) due to a hacker attack. HTX has fully covered the losses incurred from the attack and has successfully resolved all related issues. All user assets are<\/span><span style=\"font-weight: 400\"> SAFU<\/span><span style=\"font-weight: 400\"> and the platform is operating completely normally.<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">Sun reassured users that HTX had fully covered the losses and resolved all related issues. He emphasized that user assets were secure and that the platform operated normally.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to Sun, the stolen amount of $8 million represents a relatively small fraction compared to the $3 billion worth of assets held by HTX users and is equivalent to just two weeks&#8217; revenue for the platform.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Sun further stated that the hack was detected immediately after the incident on September 24th. HTX swiftly took action to prevent further losses and promptly addressed all issues, restoring the platform to its normal state immediately. Trading operations have continued without interruption.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Notably, as an incentive for the hacker to return the stolen funds, HTX offers a 5% white hat reward of $400,000. Additionally, if the hacker returns the funds, they will be considered for a position as a security white hat advisor for HTX. On this matter, Sun claimed:\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">We are willing to offer 5% of the stolen amount (400,000 USD) as a white hat reward to encourage the hacker to return the stolen funds. If the hacker returns the funds, we will also hire them as a security white hat advisor for HTX.<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">However, if the hacker fails to return the funds within seven days, HTX will transfer the information to law enforcement authorities for further action and potential prosecution.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/100-increase-bitcoin-price\/\" target=\"_blank\" rel=\"noopener \">Crypto Analyst Says Prepare For 100% Increase In Bitcoin Price As Historical Pattern Forms<\/a><\/div>\n<div><\/div>\n<div>Overall, Justin Sun&#8217;s statement regarding the recent hack suffered by Huobi&#8217;s HTX platform reassured users that the losses incurred had been fully covered and all related issues had been successfully resolved.<\/div>\n<figure style=\"width: 1815px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/lDVrZ4zS\/\" alt=\"Huobi \" width=\"1815\" height=\"858\"><figcaption class=\"wp-caption-text\">Huobi&#8217;s native token HT dropped following the hack on the daily chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/imgb0rW1\/\" target=\"_blank\" rel=\"noopener nofollow\">HTUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">The native token of the exchange, HT, is currently trading at $2.44, reflecting a 1.3% decline in the past 24 hours following the revelation of the hack that occurred on Sunday.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Featured image from Shutterstock, chart from TradingView.com\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Arkham Intel, the Huobi crypto exchange platform (HTX) fell victim to a hacking incident resulting in the theft of 5000 ETH, valued at approximately $8 million. The hacker reportedly moved 1,000 ETH to a separate wallet, 0x799, shortly after compromising the platform and has since remained silent. Related Reading: Ripple CTO Weighs In: Why A Higher XRP Price Is Beneficial For Adoption Huobi Resolves Breach, Offers Hacker Lucrative Deal For Stolen ETH Justin Sun, the Founder of TRON and an Advisor to Huobi, confirmed the incident on X (formerly Twitter), stating that HTX suffered a loss of 5,000 ETH due to the hack. Sun stated: HTX has suffered a loss of 5,000 ETH ($8 million USD) due to a hacker attack. HTX has fully covered the losses incurred from the attack and has successfully resolved all related issues. All user assets are SAFU and the platform is operating completely normally. Sun reassured users that HTX had fully covered the losses and resolved all related issues. He emphasized that user assets were secure and that the platform operated normally.\u00a0 According to Sun, the stolen amount of $8 million represents a relatively small fraction compared to the $3 billion worth of assets held by HTX users and is equivalent to just two weeks&#8217; revenue for the platform. Sun further stated that the hack was detected immediately after the incident on September 24th. HTX swiftly took action to prevent further losses and promptly addressed all issues, restoring the platform to its normal state immediately. Trading operations have continued without interruption. Notably, as an incentive for the hacker to return the stolen funds, HTX offers a 5% white hat reward of $400,000. Additionally, if the hacker returns the funds, they will be considered for a position as a security white hat advisor for HTX. On this matter, Sun claimed:\u00a0 We are willing to offer 5% of the stolen amount (400,000 USD) as a white hat reward to encourage the hacker to return the stolen funds. If the hacker returns the funds, we will also hire them as a security white hat advisor for HTX. However, if the hacker fails to return the funds within seven days, HTX will transfer the information to law enforcement authorities for further action and potential prosecution. Related Reading: Crypto Analyst Says Prepare For 100% Increase In Bitcoin Price As Historical Pattern Forms Overall, Justin Sun&#8217;s statement regarding the recent hack suffered by Huobi&#8217;s HTX platform reassured users that the losses incurred had been fully covered and all related issues had been successfully resolved. The native token of the exchange, HT, is currently trading at $2.44, reflecting a 1.3% decline in the past 24 hours following the revelation of the hack that occurred on Sunday.\u00a0 Featured image from Shutterstock, chart from TradingView.com\u00a0<\/p>\n","protected":false},"author":589,"featured_media":552813,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[87321],"tags":[15715,13387,87182,17247,89053],"class_list":["post-552812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-huobi-ht","tag-ethereum-eth","tag-hacker-bounty","tag-htusdt","tag-huobi-global","tag-huobi-global-huobi-exchange"],"acf":[],"yoast_head":"\n<title>Huobi Hacked For $8 Million Worth Of ETH, Offers Hacker 5% Bounty<\/title>\n<meta name=\"description\" content=\"Huobi fell victim to a hacking incident resulting in the theft of 5000 ETH, currently valued at approximately $8 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/huobi-ht\/huobi-hacked-for-8-million-worth-of-eth-offers-hacker-5-bounty\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Huobi Hacked For $8 Million Worth Of ETH, Offers Hacker 5% Bounty\" \/>\n<meta property=\"og:description\" content=\"Huobi fell victim to a hacking incident resulting in the theft of 5000 ETH, currently valued at approximately $8 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/huobi-ht\/huobi-hacked-for-8-million-worth-of-eth-offers-hacker-5-bounty\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-25T22:00:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-25T17:37:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/shutterstock_download-2.jpg?fit=390%2C260\" \/>\n\t<meta property=\"og:image:width\" content=\"390\" \/>\n\t<meta property=\"og:image:height\" content=\"260\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ronaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Rmmcapital\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ronaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/huobi-ht\/huobi-hacked-for-8-million-worth-of-eth-offers-hacker-5-bounty\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/huobi-ht\/huobi-hacked-for-8-million-worth-of-eth-offers-hacker-5-bounty\/\"},\"author\":{\"name\":\"Ronaldo Marquez\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\"},\"headline\":\"Huobi Hacked For $8 Million Worth Of ETH, Offers Hacker 5% Bounty\",\"datePublished\":\"2023-09-25T22:00:36+00:00\",\"dateModified\":\"2023-09-25T17:37:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/huobi-ht\/huobi-hacked-for-8-million-worth-of-eth-offers-hacker-5-bounty\/\"},\"wordCount\":485,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/huobi-ht\/huobi-hacked-for-8-million-worth-of-eth-offers-hacker-5-bounty\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/shutterstock_download-2.jpg?fit=390%2C260\",\"keywords\":[\"Ethereum (ETH)\",\"Hacker bounty\",\"HTUSDT\",\"Huobi Global\",\"Huobi global. 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