Tron inventor Justin Sun says HTX and Poloniex holdings are ‘100 percent safe’. Both exchanges lost more than $200 million combined in a series of hacking attacks last month. However, according to the crypto king, there is nothing to worry about!
Tron inventor Justin Sun: 100% of assets are 100% safe!
As you follow from Kriptokoin.com, HTX and Poloniex were the targets of hackers last month. The attackers managed to steal more than $200 million from both exchanges. After these events, crypto king Justin Sun announced that assets on exchanges were ‘100% safe’. Meanwhile, both exchanges have opened withdrawals for certain assets. However, several altcoins remain locked. Bitcoin (BTC) and Tron (TRX) are two digital assets that can be withdrawn. This has led to both tokens trading at a premium on Poloniex over the past few weeks. This meant users would have to take a ‘hair cut’ of up to 10% to liquidate their assets and withdraw another.
The withdrawal freeze comes after hackers stole $114 million from Poloniex hot wallets on November 10. This was followed by hackers stealing $97 million from HTX and blockchain protocol Heco Chain. Poloniex investor and HTX advisor Justin Sun evaluated the latest situation as follows.
Currently, Poloniex and HTX have recovered from the attack and we are reintroducing the tokens one by one. For HTX, I think we’re already 95% going in terms of USD value assets. On Poloniex, we restarted at about 85% in terms of USD value of assets. Also note that 100% of assets are 100% safe on HTX and Poloniex as we have already covered all token losses on the platform. Even if it is in terms of the exchanges themselves, we fundamentally need to earn these profits in the future. But it is 100% safe for customer assets.
Airdrop good news and the latest situation of the stock markets
In addition to the Tron inventor, an HTX spokesperson also made some statements. “The latest outflow represents a small portion of our total reserves,” the spokesman said. Additionally, HTX continues to operate stably and healthily.” made the statement. HTX and Poloniex took action to allay the fears of users holding funds on both exchanges. In this regard, they announced a Tether (USDT) airdrop worth $1. Exchanges will take a snapshot and airdrop accordingly. In this context, users will receive one airdrop token for every US dollar worth of tokens they hold on the exchange.
Meanwhile, HTX recorded a trading volume of $1.6 billion in the last 24 hours. According to CoinMarketCap, Poloniex processed $843 million worth of transactions. Justin Sun became a major player in the crypto industry when he founded Tron Blockchain, which raised $70 million in an initial coin offering (ICO) in 2017. TRX is currently the 11th largest cryptocurrency with a market cap of $9.1 billion. It is also the second largest blockchain by volume, with a total value locked (TVL) of $7.9 billion. Sun’s success with Tron came with regulatory scrutiny. The U.S. Securities and Exchange Commission (SEC) declared TRX a security earlier this year. So he filed a lawsuit against Sun. The Sun’s legal team was granted an extension to respond to the lawsuit earlier this week, according to court documents.
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