HTX Crypto Exchange Suffers $8M ETH Heist: Justin Sun Offers Hacker A Job Or Legal Action
Portfolio Pulse from Murtuza Merchant
Crypto exchange HTX, formerly Huobi, has suffered a cyberattack resulting in a loss of 5,000 Ether (ETH), equivalent to $8 million. The exchange's adviser and TRON founder, Justin Sun, assured users that the platform has covered the losses and rectified all related issues. HTX has proposed a 'white hat reward' of 5% of the stolen amount to incentivize the hacker to return the funds. If the funds aren't returned within a week, HTX will hand the case over to law enforcement.

September 25, 2023 | 7:03 pm
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NEGATIVE IMPACT
The heist of 5,000 Ether from HTX could potentially impact the price of Ether in the short term due to the sudden influx of stolen coins into the market.
The theft of a large amount of Ether could potentially lead to a sudden influx of these stolen coins into the market. This could increase the supply of Ether, potentially leading to a decrease in its price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100