Binance Will Assist HTX Amid The Hack Fallout
CZ also playfully remarked on the recent name change of Huobi to HTX, noting its similarity to FTX. In reply, Justin Sun clarified:
“The ‘h’ stands for ‘Huobi,’ and ‘t’ stands for ‘Tron.’ I never thought it would be somewhat similar to FTX. Security and SAFU is a long-term effort, and we will definitely continue to work hard.”
Justin Sun Reacts Swiftly to HTX Hack
Unlike most cryptocurrency hacks that linger in obscurity, the HTX hack was promptly confirmed by Tron CEO Justin Sun. Despite an estimated loss of $8 million, HTX swiftly identified and resolved the issue, fully compensating for the losses incurred during the attack.
Justin Sun reassured users that all assets remained secure, and the platform operated normally, without any trading suspension or deposit/withdrawal limitations similar to those seen after the recent CoinEx exchange hack.
In a move to recover the stolen funds, Justin Sun listed two wallet addresses linked to the hack, which hold a total of 5,000 ETH. He pledged to reward the hacker with 5% of the stolen funds and even offered the possibility of hiring them as a security consultant should they choose to return the stolen assets.
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