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HTX HECO bridge has been subjected to a massive hacking attack that caused it a loss of $83 Million.
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The orchestrated exploit began with the first outflow from the HECO bridge, involving 10,145 ETH valued at $20.4 Million.
In a devastating development within the cryptocurrency realm, the HECO bridge associated with Justin Sun’s HTX (formerly Huobi) has fallen prey to a substantial hack, resulting in a staggering loss exceeding $83 Million across various crypto assets.
The exploit, notably involving 346 Billion Shiba Inu tokens, raised concerns as on-chain analytical systems detected suspicious movements originating from the HECO cross-chain bridge.
Founder of HTX, Justin Sun, promptly confirmed the hack via a post on X (formerly Twitter), assuring users that the exchange would cover any losses incurred in the compromised hot wallet. Interestingly, the official HTX account on X is yet to release an official statement on the incident.
Instead,
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