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Within two months, Justin Sun's platform was hacked for the fourth time, resulting in a loss of nearly $100 million.

Read this article in 10 Minutes
HTX was stolen for $12.4 million and Heco cross-chain bridge was stolen for $86.6 million.
Contents:
· HTX stolen $12.4 million
· Heco cross-chain bridge stolen $86.6 million
· Justin Sun's platform was hacked four times in two months
· Justin Sun: Fully compensate for the loss of HTX hot wallet assets


HTX被盗1240万美元


translates to

HTX Stolen $12.4 Million


in English.

BlockBeats news, on November 22nd, according to Cyvers Alerts AI system monitoring, HTX hot wallet has a large number of suspicious transactions, and the suspicious addresses will exchange all received assets into ETH and distribute them to different EOA wallets. The investigation shows that the total loss is about $12.4 million.



随后, HTX has transferred the remaining assets to the "Houbi Recovery" address.


Heco Cross-Chain Bridge Hacked for $86.6 Million


BlockBeats News, on November 22nd, according to PeckShield's monitoring, there was an abnormal outflow of $86.6 million in funds from the HECO Chain cross-chain bridge. Link.



其中, a suspicious address starting with 0xfc146 has received about $85 million in assets. However, Spot On Chain did not classify the address as suspicious, but instead monitored that "a whale address starting with 0xd20 received 41 million USDT from the address starting with 0xfc146 through the Heco Chain Bridge, exchanged all USDT for 20,800 ETH in a short period of time, and then transferred all ETH to an address starting with 0xe47e6d. Currently, the whale holds 30,800 ETH (62.2 million US dollars) through the address starting with 0xe47e6d."


Justin Sun's platform was hacked four times within two months


An analysis indicates that this capital outflow is related to a leaked operator account that has been in operation since October 8, 2022. It is worth noting that this series of attacks marks the fourth theft incident on the platform owned by Justin Sun.


On September 24th, HTX, a hot wallet, was attacked, resulting in a loss of approximately $8 million. They later returned $8.2 million and announced the address to claim the white hat reward.


Related reading: "New developments in the incident: HTX attacked, hacker returns about 8.2 million US dollars".
BlockBeats news on October 7th, according to Lookonchain monitoring, the hacker who attacked HTX returned 4999 ETH (about 8.2 million US dollars) of stolen funds. The hacker left a message saying: "Please send the white hat bonus to 0x1Fc8674A51D6b97C968BE384337519CE7003152B; your hot wallet private key has been leaked, you should change the address of the hot wallet system and reduce the frequency of the hot wallet system."

Later, according to ZachXBT monitoring, HTX has sent a white hat bounty of 250 ETH, worth 410,000 US dollars, to the HTX Global attacker, with the message: "You made the right decision. Please submit a security vulnerability analysis report by email so that we can avoid similar incidents in the future. Your privacy will be protected."


November 10th, there was an abnormal large-scale transfer on the cryptocurrency trading platform Poloniex, resulting in a loss of over $125 million, of which $49 million came from the TRON network. Hackers had previously used the stolen funds to buy TRX, causing its price to rise by over 10%. It is currently unclear whether this theft is related to the incident.


Related reading: "Justin Sun's platform Poloniex was hacked for over $100 million, and the hacker bought TRX to drive up the price".
Meanwhile, the address starting with 0x0A59 has purchased over 206 million TRX, worth about $22.8 million, according to reports. Subsequently, the address transferred 10.514 million GLM to the Golem Network token contract address, worth about $2.56 million.

As a result, according to OKX market data, TRX has temporarily broken through $0.113, currently trading at $0.1095, with a 15-minute increase of 11.1%.


Justin Sun: Full Compensation for HTX Hot Wallet Asset Loss


After the incident, Justin Sun posted on social media stating that the HTX and Heco cross-chain bridge had been hacked. HTX will fully compensate for the loss of HTX hot wallet assets and user deposits and withdrawals have been temporarily suspended. HTX is currently investigating the specific cause of the hack and will resume services once the investigation is complete and the cause is determined.



Heco Chain was established by HTX, and HTX remains one of its maintainers. A spokesperson for HTX told CoinDesk that HTX and Heco Chain operate independently.


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