HTX, formerly known as Huobi Global, has suffered a system breach again and $13.5 million was reportedly stolen. In response to the incident, the company promised its customers that it would restore its services within 24 hours.

HTX also said it will fully compensate the platform’s users who lost assets in the cyber attack. It also assured customers that it will provide more protection in the future by fortifying its security system.

Hacking Linked to Heco Chain

As per CoinTelegraph, HTX crypto exchange said in its announcement that it will “100% guarantee the safety of user funds.” Adding that the stolen funds were just a very small portion of the entire assets that its platform holds.

HTX also told users that the normal operations of the exchange were not affected overall by the hacking incident. Moreover, it was suspected that the unfortunate incident was part of the larger HECO Chain bridge attack where a total of $86.6 million was siphoned by the criminals.

The Heco Chain is composed of HTX, Tron, and BitTorrent. All of these groups are said to have links to Justin Sun, a Chinese blockchain entrepreneur. It was noted that in the past two months, HTX and other Sun-linked crypto groups have been hacked more than twice with the largest exploit taking place on Nov. 10 when $100 million was taken from Poloniex exchange.

“We are investigating the specific reasons for the hacker attack,” Sun said at that time. “Once we complete the investigation and identify the cause, we will resume services.”

HTX's Swift Response

Finally, Coinnounce reported that HTX surely responded as fast as it could and immediately addressed the cyberattack by assuring customers of compensation and protection. HTX has fully committed to bolstering security measures so similar incidents could be prevented in the future.

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