Justin Sun, the founder of TRON and a key executive at Poloniex and HTX (formerly Huobi), promised future asset distributions to those affected by the recent breaches on both exchanges.
He also shared with the community that HTX has restored withdrawals for some TRX-related cryptocurrencies.
Recall the first breach targeting HTX in late September. Unauthorized actors illegally obtained $8 million in cryptocurrency. However, the Sun later announced that the criminals had returned the funds, reclassifying the incident as a white hacker incident.
Poloniex, another cryptocurrency exchange led by the founder of TRON, faced a similar crisis in mid-November. The damage was even more severe, with total stolen funds reaching $125 million, exceeding the initially reported loss of $63 million.
To make matters worse, another breach occurred earlier this week involving the HTX and HECO chain bridges, with the theft estimated at nearly $90 million.
As the investigation continues, Justin Sun shared encouraging news with users of both platforms and assured them that their losses would once again be fully compensated.
As HTX and Poloniex approach the launch of deposits and withdrawals, they are planning to launch massive airdrops for users holding assets. Please stay tuned! We sincerely apologize to users affected by hacker attacks on HTX and Poloniex. We will compensate your losses and all your assets are safe.
— HE Justin Sun Sun Yuchen (@justinsuntron) November 24, 2023
Sun also revealed that HTX Global has resumed deposits and withdrawals for TRX and USDT based on Tron.
It’s worth noting that both breaches against HTX occurred after the company rebranded from Huobi Global in mid-September to mark its 10th anniversary.
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