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After HTX Hack Incident, Cash Outflows Intensified! Justin Sun-linked cryptocurrency exchange HTX suffered a $258 million loss following a $30 million security breach in November.
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In the past two months, other entities associated with Justin Sun, including HTX, cryptocurrency exchange Poloniex, and HTX Eco Chain (HECO) bridge, have been attacked a total of four times.
The first HTX attack occurred less than two weeks after the exchange rebranded to its new name. An unknown attacker stole about $8 million worth of cryptocurrency on September 24, 2023.
Crypto investors are withdrawing their assets from the cryptocurrency exchange formerly known as Huobi following the closure of the exchange’s services due to a security breach on November 22, which resulted in a total loss of $30 million.
According to DefiLlama data, despite HTX resuming its services between November 25 and December 10, a total of $258 million in net outflows occurred from the exchange during this period.
In the process, November 2023 was an extremely challenging month for cryptocurrency thefts, with hackers and malicious actors making off with a total of $363 million worth of digital assets.
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