Cryptocurrency
Tweet thread by Justin Sun
Primary Source ↗Recovered
$8.0M
Blockchain(s)
Ethereum
Incident Details
Justin Sun confirmed on September 25 that his crypto exchange Huobi (recently rebranded to “HTX”) had been hacked for 5,000 ETH ($8 million) the prior day. He reassured customers that the exchange would be covering the shortfall, and that “all user assets are #SAFU”.Sun offered a bounty to the hacker to return 95% of the funds, also promising to hire them as a “security white hat advisor” for the exchange. Otherwise, he threatened to go to law enforcement.Two weeks later, the thief returned the funds, with a note that their hot wallet key had leaked. Huobi paid the $410,000 bounty.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- Huobi exchange
Timeline
- 2023-09-24 Breach occurred
- 2023-09-24 Publicly disclosed