HTX Crypto Exchange Bounces Back: Bitcoin Transactions Fully Restored After Security Breach

HTX, the cryptocurrency exchange associated with digital-asset luminary Justin Sun, has successfully reestablished Bitcoin deposits and withdrawals post a recent hacking episode, according to Sun's announcement. "Complete deposit and withdrawal functionality for major currencies like BTC, ETH, TRX, and USDT is now accessible on HTX," Sun shared the news on X, formerly Twitter.

#Bitcoin (#BTC) deposits and withdrawals have now been fully reinstated on @HTX_Global. As of now, all major currencies including BTC, ETH, TRX, and USDT are available for complete deposit and withdrawal functionality on HTX. — H.E. Justin Sun 孙宇晨 (@justinsuntron) November 26, 2023

HTX and Poloniex, both exchanges supported by Sun, encountered separate hacking incidents recently, resulting in a potential loss exceeding a combined $110 million in cryptocurrencies. Sun confirmed the HTX hack on X last week, with an HTX spokesperson reporting an approximate theft of $30 million worth of cryptocurrencies from its exchange wallet.

Sun, who had earlier revealed the rebranding of the Huobi exchange to HTX in Singapore on Sept. 13, continues to navigate challenges with resilience. The restoration of Bitcoin transactions marks a significant step in rebuilding trust and securing the platform against future threats.

Also Read: Cryptocurrency King Do Kwon: Montenegro Approves Extradition Decision in Legal Saga