Following a hack of $8 million value Ethereum (ETH) on Huobi, now known as HTX Global, the corporate’s advisor Justin Sun introduced contemporary measures to attempt to resolve the scenario. On September 25, 2023, the crypto group woke as much as the news of HTX struggling a lack of 5,000 ETH in a hacker assault.
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Huobi SAFU Fund
In response to the fuss across the Huobi hack, Sun HTX promised customers in the neighborhood that the platform at all times prioritizes the safety of person property. He additionally introduced the internet hosting of a Twitter Space afterward September 26, 2023 to debate the trade’s safety. Further, the TRON Founder announced the institution of a SAFU fund in order that the platform will at all times be ready in such situations. Sun said that the trade’s multi-backup, multi-signature chilly pockets system ensures 100% safety.
“We have established the SAFU fund to be prepared at all times for losses resulting from platform security issues. Additionally, we have implemented real-time monitoring mechanisms to prevent such losses.”
Earlier, CoinGape reported two different incidents of crypto hacks, one involving a $40 million Bitcoin holdings in possession with Lazarus Group of North Korea and different being a $200 million value of crypto property underneath risk with the attack on Mixin Network.
Hacker’s Offer
Meanwhile, the HTX Global hackers are but to answer Justin Sun supply of 5% reward from the stolen funds. However, there’s a deadline of every week till they’ll return the funds. Sun warned of taking authorized motion if not returned inside the deadline.
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