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HTX exchange loses $13.6M in hot wallet hack: Report

Published 11/22/2023, 12:30 PM
Updated 11/22/2023, 02:00 PM

HTX, formerly Huobi Global, suffered an estimated loss of $13.6 million as part of a $86.6 million exploit against the HECO Chain bridge on Nov. 22.

According to a report from blockchain security firm Cyvers, the losses stem from three compromised hot wallets, with users and exchange assets swapped for Ether (ETH) and distributed to various Ethereum addresses thereafter. Among other coins and tokens, Cyvers said that 1,240 ETH, 7.3 million USDT (USDT), 1.78 million USD Coin (USDC), and 62,200 LIN (LINK) were drained during the attack.

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