Tron (TRX) founder Justin Sun announced that he will give a 5% reward to hackers who stole almost $8 million worth of Ethereum (ETH) from his exchange HTX if they bring back the crypto. This event caused great repercussions in the crypto world.
Tron founder offers reward to hackers
As we reported as Kriptokoin.com, cryptocurrency exchange HTX became the victim of a million-dollar hack attack this week. According to PeckShield, the exchange suffered a hack of 4,999 ETH worth approximately $7.9 million.
HTX is the new name of Seychelles-based crypto exchange Huobi. Tron founder Justin Sun serves as an advisor to this giant company. However, it is not yet clear whether Sun has a real ownership stake in HTX. Allegations have been circulating that Sun used hundreds of millions of dollars of his personal fortune to support the stock market.
https://twitter.com/CyversAlerts/status/1706301345223897506
Sun: Losses fully covered
The Tron founder stated that the exchange “fully covered” the damage caused by this attack. “$8 million corresponds to just two weeks of the platform’s weekly revenue. “It is also a very small number compared to the $3 billion in assets our users have.” said.
Tron founder Sun shared that the attack was detected immediately after the incident. He also emphasized that action was taken quickly to avoid any losses. “All funds are safe and we are continuing trading operations as normal.” he said.
Offer to white hat hackers
Tron founder announced that they will give 5% of the stolen amount ($400,000) as an incentive to hackers who return the stolen money. Additionally, Sun said that if the hacker brings back the money, they will hire him as a security consultant for HTX. The offer in question has not yet received a response from pirates.
HTX @HTX_Global 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.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) September 25, 2023
Sun also stated that if the funds are not returned within a week, the exchange will pass information about this incident to law enforcement. In conclusion, this step by Justin Sun is an important turning point in the crypto world. It will be interesting to see what impact such an approach will have on similar events in the future. The full text published by the Tron founder from his X account was as follows:
$8 million represents a relatively small amount compared to the $3 billion in assets held by our users. This also means that the HTX platform only has two weeks of revenue. We detected the attack immediately after the incident yesterday (24.09.2023 at 18.00) and took quick action to prevent any losses. As a result, all funds were safe and trading continued as usual.
We promptly addressed and resolved all issues and returned the platform to its normal state without delay. We are willing to offer 5% of the stolen amount ($400,000) as a white hat reward to encourage the hacker to return the stolen money. If the hacker returns the money, we will also hire him as a white hat security consultant for HTX.
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