HTX, Huobi Global’s crypto exchange, announced the return of the funds stolen by a hacker in late September. It is expected that they also issued a 250 Ether ETH tickers down $1,635 bounty after resolving the issue, stated Cointelegraph.
Sources revealed that one of HTX’s hot wallets lost about 5,000 ETH on September 25, 2023, worth about $8 million at the time. After the hack occurred, the firm is expected to have contacted the hacker and claimed to know their identity.
HTX is believed to have offered to pay a 5% bounty worth around about $400,000. It is believed that they will not take any legal action if they return 95% of the funds before October 2, 2023, Cointelegraph added.
“Strengthening blockchain security and protecting user assets is never an easy task, and we have been working tirelessly! Providing full security for user assets is always our goal to strive for! We are thankful for the continued support of our users and community,” Justin Sun, Huobi Global investor and HTX adviser concluded.
(With insights from Cointelegraph)
