To minimize the damage, HTX proactively offered 5% of the drained funds as a “white-hat bonus,” which would amount to nearly $400,000.
Huobi is a Chinese web-platform for cryptocurrency exchange and the second largest in the country. It was founded by Leon Li in 2013. Huobi has gained popularity following the closure of BTCC. All popular fiat and cryptocurrencies are available, but the main pair here is BTC/CNY. The official website has 10 languages. The average amount of trading per day reaches 127,000 BTC, which makes the Huobi exchange the third largest in the crypto industry. Recently, it was announced that Huobi will be issuing their own token developed by the company’s programmers as an extra tool for paying Huobi fees and to make transactions easier, faster and more convenient. The Huobi coin can be bought only on the platform for BTC, BTH, ETH, ETC, LTC and USDT.
HTX crypto exchange has been hacked, but it claims to know the identity of the attacker.7704
The name HTX represents the exchange, the blockchain project Tron and the company’s 10th anniversary.8738
According to key CEX players, success in the crypto industry hinges on adapting to client needs, navigating regulatory changes and prioritizing mass crypto education.18805
This week’s episode of The Market Report explores the reasons why Binance let go of a majority of its USDC reserves and what it replaced them with.14659
The exchange faces ongoing rumors about its falling stablecoins reserves and an alleged investigation by Chinese authorities.13291
Securities Commission Malaysia has ordered Huobi Global to stop all activity after failing to register to operate in the country.11333
After cutting employees and benefits, the cryptocurrency exchange reportedly made a $30 million profit during the first quarter of 2023.2909
Huobi Global has joined hands with Gala Games, a blockchain-based play-to-earn gaming platform, to work together on the investment and listing of Web3 projects.6739
A Binance spokesperson told Cointelegraph that they hired 600 people since January and have no imminent plans for layoffs.8311
The cryptocurrency exchange recently cut 20% of its staff, but now it will increase its personnel in Hong Kong from 50 to 200.3964
The North Korean-based hacker outfit Lazarus Group resorted to different privacy mixers attempting to anonymize the stolen funds, but it didn’t work.7422
Huobi has announced the impending closure of its Huobi Cloud Wallet service, citing strategic adjustments for the move.7939
The first-ever case of crypto insider trading highlights the need for reforms from exchanges to keep track of their employee’s trade activities.2689
In a recent tweet, on-chain crypto detective ZachXBT said that the hackers had moved $64 million over the weekend.29790