According to on-chain statistics, the hacker who took advantage of the HTX Global exchange appears to have fully refunded the stolen assets.
The hacker who took advantage of HTX Global, formerly Huobi, has reportedly returned all of the funds he stole from the site, claims blockchain analytics insights firm Lookonchain. Over 4,999 Ether (ETH) worth $8.2 million were returned to HTX Global.
The cryptocurrency exchange lost the quoted amount in Ethereum on Monday due to a security breach caused by an unidentified hacker. TRON founder and HTX advisor Justin Sun immediately announced that the losses resulting from the attack had been reimbursed. Similarly, he asserted that all hacking-related problems had been handled.
Sun said that the $3 billion in total assets of HTX Global represented just a small portion of the stolen money. A 5% Whitehat reward, or $400,000, was also given to the hacker in exchange for returning the stolen money.
The hacker was also allowed to become a security Whitehat advisor in exchange for a prompt voluntary refund. Sun asserted that the HTX security team discovered the intrusion on September 24, 2023, at 6 p.m.
However, onchain security company Cyvers Alerts has already become aware of some questionable transactions. The aforementioned transactions were connected to the $200 million loss recently suffered by the Mixin Network, which was later linked to HTX and the top cryptocurrency exchange Binance.
It’s important to note that the HTX breach happened just a few weeks after there were widespread allegations that the exchange was bankrupt.
At one point, Mishaboar, a well-known developer and supporter of Dogecoin (DOGE), recommended DOGE owners remove their funds from HTX. The exchange’s dubious Proof-of-Reserve assertions were the main source of worry.
Such ideas are frequently touted as instruments for determining a protocol’s financial health. Such proofs of reserves, according to Mishaboar, might be deceptive and may not accurately depict the liabilities of an exchange.
Sun requested that the rumors be disregarded to soothe users’ concerns. Customers will likely feel more at ease about the swap amid its numerous scandals now that they know they will receive a full refund.
