🚨 MAJOR SECURITY BREACH: $115M Vanishes in Cyberattack Targeting Crypto Firms Linked to Justin Sun
In a shocking development, two crypto companies associated with the prominent digital entrepreneur Justin Sun have been hit by separate hacking incidents, resulting in an alarming loss of up to $115 million.
🌐 Breached Platforms: HTX Digital Currency Exchange and Heco Chain
The platforms under attack, including the HTX digital currency exchange (previously Huobi), fell victim to a breach where hackers managed to siphon off around $30 million worth of cryptocurrencies, as officially confirmed by HTX.
🔍 Justin Sun's Acknowledgment and Reassurance
Justin Sun, an investor in HTX and connected to the Heco Chain, took to social media to acknowledge the unfortunate events. In a statement on X, he provided reassurance to the community, stating, "HTX and Heco Cross-Chain Bridge Undergo Hacker Attack."
Sun also informed the public about ongoing investigations into the cyberattack, with plans to resume services once the root cause is identified.
💸 Magnitude of Loss: Surpasses $115M
As reported by market analytics firm CryptoQuant, the security breaches have led to the theft of $85.4 million in cryptocurrency from the Heco Chain. The pilfered assets mainly consisted of stablecoin USDT and ether, along with a substantial amount of HBTC, the native coin of HTX.
🌐 Heightened Concerns in Cryptocurrency Security
This incident further amplifies the prevailing concerns regarding cybersecurity within the crypto sphere. The crypto space has witnessed illicit activities surpassing $7 billion through cross-chain crimes, including the recent revelation connecting North Korea’s Lazarus Group to theft totaling around $900 million from July 2022 to the present month.
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