Second exchange led by Justin Sun has been hacked since the beginning of the month
The total amount of losses of HTX and Poloniex platforms exceeds $210 million
22.11.2023 - 14:38
670
2 min
0
What’s new? In October, already the second exchange of Justin Sun faced a hack. Thus, on November 22, the businessman reported that the HTX (formerly Huobi) exchange hot wallet and the Heco cross-chain bridge were attacked. So far, estimates of losses from analysts vary: the auditing company PeckShield writes about $86,6 million, and journalists of The Block reported about $110 million. Two weeks ago, the Poloniex exchange led by Sun also lost more than $124 million.
What else is known? The HTX exchange has suspended deposits and withdrawals while it investigates the incident. Sun, however, assured that the funds on the exchange itself are safe, and the company will fully compensate for the losses.
According to PeckShield, the attacker withdrew TUSD, LINK, USDC, UNI, SHIB, HBTC, USDT, and ETH coins from the bridge and wallet. They were immediately redirected to decentralized exchanges (DEX) to be exchanged for other tokens.
On November 10, a hacker stole more than $124 million from the Poloniex exchange. At the time, Sun also reported that the platform remained solvent and would fully cover the damage at its own expense.
Within a week, the hacker had the opportunity to return 95% of the stolen funds in exchange for a commitment not to contact law enforcement, but the offer was ignored. Later, Sun reported that the hacker’s identity had been established, and information about him had been handed over to the police in China, the Russian Federation, and the United States.
Useful material?
Telegram 
Twitter Incidents
In a single week, hackers went after PHP websites, the Railway cloud platform and a medical company, and experts started talking about a crisis that is only just beginning.
Oct 28, 2026
Incidents
In 104 minutes, the attacker emptied 1,404 addresses before validators halted the network and froze almost all of the loot.
Oct 19, 2026
Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Cryptocurrency rates
-
Bitcoin
$76 724
BTC
-4.57%
-
Ethereum
$2 218.25
ETH
-4.65%
-
BNB Smart Chain
$694.22
BSC
-6.55%
-
Ripple
$1.42
XRP
+1.04%
-
TRON
$0.333924
TRX
+0.79%
-
Zcash
$1 221.91
ZEC
-4.17%
-
Dogecoin
$0.075093
DOGE
-5.16%
-
Cardano
$0.218269
ADA
+2.11%
-
Stellar XLM
$0.184461
XLM
+2.83%
-
Bitcoin Cash
$283.96
BCH
+1.58%