Crypto Exchange Huobi Hacked For $7.9 Million

Exchange identifies hacker and offers 5% reward for returning stolen funds.
Crypto Exchange Huobi Hacked for $7.9 Million

Huobi Global, a major cryptocurrency exchange, fell victim to a hack. The attackers made off with a staggering 5000 ETH, approximately $7.9 million.

Strangely enough, what ensued after the hack was that the exchange sent a message to the hacker in Chinese. In that message, they not only claimed to have identified him but also offered him a deal: give back 95% of the stolen funds and get rewarded with 5%.

Huobi sent a message to the attacker in Chinese, stating, “We have confirmed your true identity. Please return funds to 0x18709E89BD403F470088aBDAcEbE86CC60dda12e. We will provide you with a 5% white hat bonus. This offer is valid for 7 days and ends on October 2, 2023. If you do not return the funds by the deadline, we will request judicial intervention.”

Immediately after taking the cryptocurrency he stole from Huobi’s control into his own possession, the hacker shifted it to an unknown address. And quite astonishingly enough, this message from the exchange was just one day older than when they found out about the hack attack.

“HTX has fully covered the losses incurred from the attack and has successfully resolved all related issues,” said HTX advisor Justin Sun. He claimed that users’ funds are safe and said, “The platform is operating completely normally.”

Also Read: Huobi Token Tanks 90%, Justin Sun Affirms Funds are ‘Safe’

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