The hacker who exploited the cryptocurrency exchange HTX Global regretted it! According to on-chain data, the hacker returned all the assets he stole. Thus, the hacker was awarded the reward of Tron inventor Justin Sun, who is the advisor of the exchange.
HTX hacker fully returned the cryptocurrency funds he stole!
According to blockchain analytics platform Lookonchain, the hacker who breached HTX Global, formerly known as Huobi, has returned all the assets he siphoned from the platform. Accordingly, the hacker returned a total of 4,999 Ethereum (ETH) worth $ 8.2 million to HTX Global.
HTX Global Hacker just returned the stolen funds of 4,999 $ETH ($8.2M). @justinsuntronhttps://t.co/fIxrm01a4zhttps://t.co/gHM0Yjqlqs pic.twitter.com/zX1mdDsRpi
— Lookonchain (@lookonchain) October 7, 2023
As you follow from Kriptokoin.com, last Monday, the giant cryptocurrency exchange was attacked by an unidentified hacker. The hacker managed to steal a significant amount of the exchange’s Ethereum assets in the attack.
Justin Sun offered reward and job to the hacker
Immediately after the attack began, TRON founder and HTX advisor Justin Sun announced to the public that losses resulting from the attack were covered. Similarly, he claimed that all hack-related issues have been resolved. Sun explained that the stolen funds were only a small portion of HTX Global’s total assets, which reached $3 billion. He also offered a reward to the hacker if he returned all the cryptocurrency funds he stole. This was a Whitehat reward equivalent to $400,000 (5%). In addition, he offered the hacker a position as a security Whitehat consultant if he made a voluntary repayment as soon as possible.
Specifically, Sun claimed that HTX’s security team detected the attack at 18:00 on September 24, 2023. However, on-chain security firm Cyvers Alerts caught wind of suspicious transactions before that. Meanwhile, the transactions in question were linked to Mixin Network, which recently suffered a $200 million loss and was later traced to HTX and leading cryptocurrency exchange Binance.
HTX CEO Justin Sun allays bankruptcy fears
It is worth noting that the hack of HTX took place just a few weeks after rumors spread that the exchange was bankrupt. At one point, Mishaboar, a Dogecoin (DOGE) advocate, advised DOGE holders to withdraw their holdings from HTX. The main concern was regarding the cryptocurrency exchange’s shady Proof of Reserve claims.
Often, such concepts are introduced as tools to indicate the financial health of a protocol. Mishaboar stated that such evidence is misleading and does not paint an accurate picture of an exchange’s obligations. Sun urged users to ignore the rumors in an attempt to allay their fears. With the news of full refunds, customers are likely to feel more comfortable about the cryptocurrency exchange.
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