Crypto Exchange HTX Resumes Deposits and Withdrawals

Reading Time: < 1 minute

Following a $30 million exploit on Nov. 22, deposit and withdrawal services for multiple cryptocurrencies, including BTC, Ether, Tron and Tether, have been restored on HTX, formerly known as Huobi.

In a blog post on Nov. 26, HTX announced that deposit and withdrawal functions are now back for these currencies. Justin Sun, the founder of HTX, also stated on Twitter that the exchange plans to gradually resume services for other cryptocurrencies by next week.

This comes after HTX’s hot wallets were drained of $30 million in one of four hacks that have occurred on Sun-owned or connected crypto platforms within the span of six months.

On the same day as the HTX hack, the HTX Eco (HECO) Chain bridge, which includes HTX, Tron and BitTorrent, was also targeted for $86.6 million.

The Sun-owned crypto exchange Poloniex was also recently hacked for $100 million, with blockchain security firm CertiK attributing the attack to a compromised private key.

Follow and like us on