Key Points
- HTX Crypto Exchange Faces DDOS Attack: User Funds Secure.
- Justin Sun Quickly Restores Services After Attack.
- Tron Denies UNODC’s Accusations of Being Preferred by Criminals.
HTX Crypto Exchange Survives DDOS Attack; Justin Sun Keeps Funds Safe! 🚀
On Friday morning, hackers launched a DDOS attack on HTX, the crypto exchange formerly known as Huobi. Justin Sun, Tron founder and exchange advisor, quickly confirmed the attack but reassured users that their funds were secure. This incident follows a series of previous hacks on HTX, highlighting the ongoing challenges in the crypto world. Despite recent controversies, Tron disputes claims by the United Nations Office on Drugs and Crime (UNODC) that it’s a preferred choice for money launderers and fraudsters in East and Southeast Asia. Tron emphasizes its commitment to blockchain technology for positive purposes.
For more details, you can read the full article here.
Additional sources:
HTX Support
Justin Sun’s Tweet 1
PeckShield’s Tweet
Justin Sun’s Tweet 2
HTX Exchange Overcomes Cybersecurity Challenges
The recent DDoS attack on HTX Crypto Exchange marks yet another challenge in its series of cybersecurity incidents. In September, HTX faced a significant breach with approximately 4,999 Ethereum, valued at $7.9 million, stolen by hackers. This incident was followed by another attack in November on HTX and Heco Bridge, resulting in a combined loss of $100 million.
These events underscore the growing concerns over cybersecurity in the crypto space. In response to these incidents, HTX, advised by Justin Sun, has been proactive in implementing robust security measures. Despite these breaches, the exchange has managed to maintain the safety of user funds and quickly restore services.
The DDoS attack, although brief, highlighted the vulnerabilities even robust platforms face against cyber threats. However, HTX’s quick recovery – resuming operations within just 15 minutes – demonstrates their commitment to secure and reliable service.
Alongside these challenges, HTX has been under scrutiny for other reasons. The SEC filed a lawsuit against advisor Justin Sun for allegedly selling unregistered securities. There were also allegations of “wash trading” to manipulate the market.
HTX’s recent encounters with cyber threats are part of a broader trend in the cryptocurrency industry. A Chainalysis report noted that illicit revenue from cryptocurrency hacking in 2023 was down by 54.3%, suggesting improvements in security practices across DeFi protocols.
For more information on HTX’s security measures and updates, visit their official website.
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