Crypto exchange HTX sees outflows top $258M following exploit

Crypto investors have been moving their assets away from crypto exchange HTX (formerly Huobi) following a Nov. 22 exploit that saw the exchange pause its services and lose a total of $30 million. 

Between Nov. 25 — the day that

The largest of the exploits was the $100 million Poloniex exchange exploit on Nov. 10, allegedly caused by a private key compromise.

HTX’s HECO Chain bridge — a tool designed for moving digital assets between HTX and other blockchain networks — also suffered a massive breach on Nov. 22. Hackers compromised HECO and sent at least $86.6 million to suspicious addresses.

Meanwhile, November was the worst month for crypto theft in 2023, with hackers and other malicious actors making off with $363 million of ill-gotten digital assets.

Cointelegraph contacted HTX for comment but did not receive an immediate response.

Magazine: Lawmakers’ fear and doubt drives proposed crypto regulations in US