Huobi Global's HTX crypto exchange suffered a hack on Sept. 24, per blockchain analytics platform Cyvers. The breach resulted in a loss of $7.9 million in crypto
A Huobi hot wallet, aware of the attacker's identity, made a unique offer. They proposed letting the attacker keep 5% of the stolen funds as a "white-hat bonus," but under one condition
On Sept. 24, 4,999 Ether (ETH) worth around $7.9 million was sent to an unfamiliar address. This triggered the incident, which raised concerns
The Huobi wallet then sent a message to the attacker in Chinese, confirming knowledge of their identity. They offered the 5% bonus if the rest of the funds were returned within a specific timeframe.
Cyvers reported the attack on Sept. 25, with the Huobi hot wallet's message being tied to the exchange. The situation was brought to light, raising concerns about security.
Huobi Global investor Justin Sun confirmed the attack and assured users that their funds are safe. He stated that HTX has covered the losses and resumed normal operations.
Crypto exchanges have faced a wave of hacks in 2023, with the Lazarus Group suspected in many cases. They've reportedly amassed $40 million in Bitcoin from these attacks this year. Security remains a significant concern.