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Justin Sun: HTX has resumed Bitcoin deposits and withdrawals, and the remaining deposits and withdrawals are expected to be completed next week
26/11/2023 20:17
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Comparing HTX, Gate.io, and Bitget Through Proof of Reserves
Unless explicitly tagged and identified, it was impossible to track what wallets an exchange owns, or might own. As a result, the idea of Proof of Reserves (PoR) emerged.
BrianHTX Exchange Faces Substantial Withdrawals Amid Security Concerns
HTX, formerly Huobi, faces a significant crisis as over $256 million is withdrawn following a major hack, raising concerns about the exchange's security. The aftermath of the breach, coupled with Justin Sun's connections and allegations of fraud surrounding the TRX token, intensifies skepticism within the cryptocurrency community. Despite recovery efforts, HTX's integrity is questioned, prompting a call for robust security measures and transparency in the evolving digital asset landscape.
Huang BoHTX Exchange Records $258 Million Outflow Post Hack
HTX, the digital-asset trading platform associated with industry figure Justin Sun, witnessed a considerable $258 million net outflow following its reactivation after a significant security breach. Data from DefiLlama between November 25 and December 10 showcased the funds departing the exchange, signifying unease among some clients due to the prior security incident. HTX encountered a $30 million loss in crypto tokens during the breach, prompting temporary suspension of withdrawals and deposits as a precautionary measure.
JoyHuobi Global, HTX LOSES Trademark in Hong Kong To X-Spot
On June 20, 2023, X-Spot submitted an application for an injunction to the Hong Kong High Court, seeking to compel Huobo Global to cease its trademark infringement.
BrianJustin Sun Might Be Behind HTX, Heco Chain Hack
This incident follows a string of exploits related to Justin Sun, who just saw Poloniex suffer a $100 million hack this month.
DavinHuobi (HTX) Reveals Q3 2023 Token Burning Figures
The practice of burning tokens has been a consistent strategy for Huobi since 2018, and as of October 15, 2023, a cumulative total of 301,002,441 HT has been burned.
JasperUK Regulator FCA: Huobi HTX, KuCoin "Unauthorised Firms"
Users won't have the protection of the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS) if issues arise.
DavinHTX's Cyber Siege: Chasing the $8 Million Bandit
HTX fell victim to a hack as Justin Sun confirmed the $8M attack but called it a "relatively small sum” and reassured users that all funds are secured.
CatherineSouth Korean Bank Collaborates with Central Bank on CBDC Pilot and Tokenised Deposits
Hana Bank is actively participating in the BOK's ongoing CBDC Proof of Concept project, which aims to establish a currency system based on blockchain technology.
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