Justin Sun's HTX Exchange Sees $258m Outflow Following The November Breach

The HTX exchange, backed by Justin Sun, has experienced a substantial $258 million net outflow since resuming operations following a major hack in November.

As per DefiLlama, the outflow occurred between November 25 and December 10, indicating unsettled clients

The November breach resulted in the loss of over $30 million in crypto tokens, leading HTX to temporarily suspend withdrawals and deposits

Justin Sun also has ties to Poloniex and Heco Bridge, both of which were hacked in November, resulting in $200 million in crypto theft

The $86 million drained from Heco Bridge raises concerns about a potential exit scam in the crypto community

In addition, the TRX token is facing scrutiny amid fraud allegations

The SEC's accusation of market manipulation against Sun and his firms adds complexity to the situation