CZ Offers To Deploy Binance's Security Team To Recover HTX's Stolen Assets
Portfolio Pulse from Khyathi Dalal
After crypto exchange HTX suffered an $8 million loss due to a hack, Binance CEO Changpeng “CZ” Zhao offered his exchange’s security team to investigate the attack. HTX has proposed a 5% white-hat bonus, worth around $400,000, to incentivize the return of the stolen funds. The exchange has given the attacker an ultimatum to return 95% of the assets within seven days, or face the involvement of law enforcement.

September 26, 2023 | 9:39 pm
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The hack resulted in a reduction of around 5,000 Ethereum (ETH) in HTX's hot wallet. This could potentially impact the price of ETH in the short term.
The loss of a significant amount of ETH from HTX's hot wallet due to the hack could potentially lead to a sell-off by the hackers, which could put downward pressure on the price of ETH in the short term.
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