Posted: January 19, 2024 10:12 AM Updated: January 19, 2024 10:17 AM
Correction and fact check date: January 19, 2024, 10:12 AM
briefly
HTX and HTX DAO quickly restored service following a 15-minute DDoS attack on Friday and all funds are safe.
Cryptocurrency exchange HTX has resumed services with the HTX Decentralized Autonomous Organization (DAO) following a distributed denial of service (DDoS) attack that occurred last Friday. Both applications were temporarily taken down due to the DDoS attack, which lasted approximately 15 minutes.
Justin Sun, a well-known figure in the cryptocurrency industry and advisor to HTX, confirmed the recovery of social media platform
DDoS attacks are designed to disrupt online services with a high volume of requests and overwhelm their capacity to respond to legitimate requests.
HTX also suffered a security breach on November 10 of the previous year, resulting in the theft of approximately $97 million from both the exchange and blockchain protocol HecoChain. However, in December, Justin Sun reassured the safety of assets held in HTX and Poloniex, saying they were “100% safe.”
HTX expands beyond cryptocurrency exchanges and improves security.
Founded in 2013, HTX has evolved from a cryptocurrency exchange into a diverse ecosystem that integrates various aspects of blockchain enterprises, including digital asset trading, financial derivatives, wallets, research, investment, incubation and other fields. Huobi officially changed its name from ‘Huobi’ to ‘HTX’ to celebrate its 10th anniversary last year.
Recently, HTX signaled its desire to become a decentralized platform by launching HTX DAO, a multi-chain decentralized autonomous organization that embraces user-centric governance mechanisms.
Afterwards, HTX Exchange joined the HTX DAO ecosystem, allowing users to participate in the operation and development of the exchange through voting, participating in community discussions, and selecting representatives. The exchange also announced plans to implement a collaboration plan with HTX DAO that will include marketing efforts, community incentives, and user feedback mechanisms.
Today, HTX DAO announced that it has undergone a security audit conducted by ChainSecurity, a Europe and US-based security audit firm recognized for providing security audit services to high-profile projects such as Polygon, Uniswap, MakerDAO, and Yearn.
After a brief outage due to a DDoS attack, HTX and HTX DAO quickly restored services, highlighting the platform’s commitment to serving the community and regaining its leading position in the cryptocurrency sector.
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Alisa is a reporter for Metaverse Post. She focuses on everything related to investing, AI, metaverse, and Web3. Alisa holds a degree in Art Business and her expertise lies in the fields of art and technology. She developed a passion for journalism through her work with VCs, notable cryptocurrency projects, and science writing. You can contact us at (email protected).
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alice davidson
Alisa is a reporter for Metaverse Post. She focuses on everything related to investing, AI, metaverse, and Web3. Alisa holds a degree in Art Business and her expertise lies in the fields of art and technology. She developed a passion for journalism through her work with VCs, notable cryptocurrency projects, and science writing. You can contact us at (email protected).
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