Crypto entrepreneur Justin Solar confirmed that two platforms linked to him, the HTX exchange and Heco bridge, suffered an attack, saying:
“HTX and Heco Cross-Chain Bridge Undergo Hacker Attack. HTX Will Fully Compensate for HTX’s hot wallet Losses. Deposits and Withdrawals Temporarily Suspended. All Funds in HTX Are Secure, and the Community Can Rest Assured. We are investigating the specific reasons for the hacker attack. Once we complete the investigation and identify the cause, we will resume services.”
Blockchain safety agency Cyvers Alerts estimated that the loss from the attack is greater than $100 million. Meir Dolev, Cyvers Alerts’ chief technological officer, said:
“We are detecting multiple suspicious transactions on HTX_Global hot wallets and on HECO_Chain bridge that were probably executed by the same entity, total value of $100 million.”
The hack
In keeping with a number of stories from blockchain safety companies, Heco Bridge seems to have been drained of $87 million.
On-chain safety agency CertiK reported the suspicious switch of $87 million from the Heco bridge, including that the funds have been cut up into a number of wallets.
One other safety agency, PeckShield, corroborated the outflow, saying that the incident was linked to a compromised operator, which has been operational since October final yr.
The stolen belongings embody $346,994 TUSD stablecoin, greater than 40,000 models of Chainlink’s LINK (over $600,000), $619,000 USDC, and 173,200 models of Uniswap’s UNI token (roughly $931,000).
Different belongings concerned in the theft are almost 350 million SHIB tokens value $2.8 million, 489 Heco-Peg Bitcoin valued at $18.8 million, $42 million USDT, and greater than 10,000 ETH value roughly $19 million.
Cyvers Alerts acknowledged that each one stolen belongings have been transformed to Ethereum and distributed to completely different externally owned accounts (EOAs).
The safety agency added that HTX’s sizzling pockets seems to have been compromised by the identical attacker, with $12.4 million moved from the platform.
In the meantime, this attack represents the third main compromise of a Sun-linked platform not too long ago. Earlier in the month, CryptoSlate reported that Poloniex, a crypto exchange bought by the crypto entrepreneur in 2019, suffered a $100 million hack.
Earlier than then, HTX was exploited for $7.9 million in September. Nonetheless, the attacker returned all the belongings siphoned from the platform.
