Hacker Steals Then Returns Funds For Reward To Huobi's HTX: 'You Made The Right Choice'
Portfolio Pulse from Murtuza Merchant
Crypto exchange HTX, affiliated with Huobi Global, has recovered assets stolen by a hacker in September. The hacker stole 5,000 Ether (ETH), valued at around $8 million, from one of HTX's active wallets. HTX offered a 5% reward, equivalent to roughly $400,000, for the return of the stolen funds, promising no subsequent legal actions. The hacker returned the funds and was rewarded.
October 09, 2023 | 2:21 pm
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NEUTRAL IMPACT
The theft and subsequent return of 5,000 Ether could potentially impact the price of Ether in the short term.
The theft and return of a large amount of Ether could potentially cause some volatility in the price of Ether. However, as the funds have been returned, any impact is likely to be short-lived.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80