Crypto exchange HTX reinstates Bitcoin services after $30M hack

Bitcoin deposits and withdrawals have returned to the Justin Sun-linked crypto exchange HTX, formerly Huobi, after it suffered a $30 million exploit on Nov. 22. In a Nov. 26 blog post, HTX said deposit and withdrawal functionality is back for multiple currencies, including BTC, Ether, Tron and Tether. In a later post on X (Twitter), Justin Sun said HTX aims to gradually bring back functionality to the remaining cryptocurrencies, which he expects to be done “by next week.” HTX’s exchange hot wallets were drained of $30 million and was one of the four hacks in half as many months on Sun-linked or controlled crypto platforms. The HTX Eco (HECO) Chain bridge — consisting of HTX, Tron and BitTorrent, all linked to or controlled by Sun — was attacked for $86.6 million on the same day as HTX. The Sun-owned crypto exchange Poloniex also suffered a $100 million attack on Nov. 10, which blockchain security firm CertiK said was likely due to a private key compromise. On Sept. 24, shortly after Huobi was rebranded to HTX, an attacker stole nearly $8 million in crypto from the exchange’s hot wallet.