HTX resumes withdrawal services via ERC20 Blockchain

HTX has announced that it has resumed withdrawal services; however, it is restricted to selecting cryptocurrencies, including, but not limited to, LINA, HOT, FTT, MASK, and NEXO. More tokens will eventually get support for the same functionality, and HTX has said that it will make those developments public in the coming days.

HTX resuming services was crucial when the crypto firm was reportedly attacked by malicious actors, stealing funds worth approximately $30 million. The firm had stated that the issue was resolved and that they were restoring services as soon as possible. Most of the services were back in line within 24 hours.

The exploit was reported on November 22, 2023, and the value of the theft was roughly $13.6 million. HTX has committed to compensating its customers for the loss they suffered. Notably, normal operations were not affected by the $30 million hack. Also, the amount extracted from the platform, per HTX, reflected only a small portion of the total funds.

Justin Sun-linked other platforms have also witnessed hack attacks in recent times. This includes Tron and BitTorrent. Overall, firms have been exploited four times in the last 2 months.

This is a serious matter, and Sun has said they are investigating it. This means the team is looking into the reason for and ways the network is constantly being attacked. The biggest hack in recent times is worth nearly $100 million. The Poloniex exploit has grabbed much attention, especially with the team announcing a white hat bounty worth $10 million for the stolen funds.

Founded in 2013, HTX has expanded its horizons to cover many digital tokens for its customers. Over 375 cryptocurrencies are listed on the platform, along with 300+ trading pairs. An extensive list of tokens and pairs supported by HTX, formerly known as Huobi, can be checked in the HTX review, which further sheds light on the number of ways in which customers can connect with the customer support team.

HTX has further announced rewarding its community members who have been strong and supportive during recovery. Therefore, the platform will host an airdrop event, with details coming out in early December 2023.

The announcement has stated that the airdrop event will count Rocket values based on the 30-day average balance. This will be measured in USDT, with every USDT reflecting a single value of Rocket. Quality assets will fetch multiplied values of Rockets to its holders. Some of the quality assets are TRX, BTC, and ETH.

The Huobi Token is exchanging hands at $2.88, a slip of 2.04% in the last 24 hours. This also reflects a fall of 1.93% in the last 7 days, that is 1 week. Interestingly, the current trading value on the board has increased by 22.50% in the last 30 days.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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