While Justin Sun quickly took to X to discuss the $8 million HTX hack, news of the loss was left to trickle into China through foreign media.
The post Justin Sun in no hurry to tell China about HTX hack appeared first on Protos.
Justin Sun, HTX advisory board member, introduced the SAFU fund after the platform had suffered a $8 million security breach.
HTX global adviser Justin Sun said the exchange has created a secure asset fund for users (SAFU) following the $7.9 million exploit of its hot wallet on Sept. 24. SAFU serves as a financial safety net earmarked to reimburse investors in the unfortunate event of asset losses resulting from hacks or other unforeseen incidents on […]
The post HTX launches SAFU fund following $7.9 million Ethereum loss appeared first on CryptoSlate.
Following a hack of $8 million worth Ethereum (ETH) on Huobi, now called HTX Global, the company’s advisor Justin Sun announced fresh measures to try and resolve the situation. On September 25, 2023, the crypto community woke up to the news of HT…
The exchange has already covered the losses, which are just a small part of its total assets.
