An “epic airdrop” has been announced by Justin Sun for users who have assets on HTX and Poloniex following their recent cybersecurity vulnerabilities. The action is a show of support and kindness to people impacted by the hacks.
The airdrop is a component of a larger plan to lessen the financial burden on customers following the estimated $114 million loss from Poloniex’s compromised hot wallets. In addition, HTX suffered a $30 million loss due to a security compromise on November 22.
These instances are part of a string of attacks that have targeted Sun-related firms in recent months. The most significant of these is the Poloniex exchange exploit, in which hackers stole almost $100 million earlier in November as a result of a private key compromise.
Sun has also extended a 5% deal to the attackers in reaction to the Poloniex hack, thereby offering a “white-hat bounty” for the recovery of the stolen funds. This unorthodox strategy demonstrates Sun’s dedication to tackling the issues brought on by these security lapses.
Also Read: HTX to Resume Services Within 24 Hours Post $13.6M Hack
