Following the $30 million exploit on November 22, crypto investors have transferred their holdings away from the HTX crypto exchange, resulting in a $258 million outflow.
The exchange experienced net outflows of approximately $258 million between November 25, when HTX resumed operations, and December 10, according to data from DefiLlama.
According to data from DefiLlama, HTX’s reserves consist of 31.8% Tron and 32.3% Bitcoin. TRX is the network’s native currency on the Tron blockchain, which Sun initiated in 2017.
According to CoinMarketCap data, HTX is the sixteenth largest cryptocurrency exchange by daily trading volume as of the publication, with a total of $1.6 billion over the previous twenty-four hours.
Sun promised affected HTX users complete compensation for the hot wallet losses after the resumption of HTX on November 25 and stated that an investigation was in progress.
Four breaches have occurred within the last two months against HTX and other Sun-affiliated entities, including the HTX Eco Chain (HECO) bridge and the cryptocurrency exchange Poloniex.
On September 24, 2023, within less than two weeks of the exchange’s rebranding to HTX, an unidentified assailant breached the HTX system and stole nearly $8 million in cryptocurrency.
The most significant breaches occurred on November 10, when the Poloniex exchange lost $100 million, purportedly due to a compromised private key.
An additional significant breach occurred on November 22, affecting the HECO Chain bridge, which facilitates the transfer of digital assets between HTX and other blockchain networks. Hackers gained access to HECO and transferred a minimum of $86.6 million to dubious IP addresses.
In contrast, cybercriminals and other malicious actors stole $363 million of illicit digital assets during November 2023, the worst month for crypto theft.
