Crypto exchange HTX reinstates Bitcoin services after $30M hack

Bitcoin (BTC) deposits and withdrawals have returned to the Justin Sun-linked crypto exchange HTX, formerly Huobi, after it suffered a $30 million exploit on Nov. 22.In a Nov. 26 blog post, HTX said deposit and withdrawal functionality is back for multiple currencies, including BTC, Ether ...

HTX to restore services ‘within 24 hours’ after $13.6M hack

Crypto exchange HTX, formerly Huobi Global, will resume deposits and withdrawals within 24 hours after suffering a $13.6 million exploit on Nov. 22.According to its official announcement, the exchange promised to "fully compensate for the losses caused by this attack and 100% guarantee the ...

Justin Sun-related crypto platforms hacked 4 times in 2 months

Tron founder Justin Sun's crypto businesses have come under repeated attack from hackers over the past two months, with at least four hacks of the largest exploits targeting platforms related to the crypto entrepreneur.Sun’s HTX crypto exchange has been hacked at least twice since the plat ...

HTX exchange loses $13.6M in hot wallet hack: Report

HTX, formerly Huobi Global, suffered an estimated loss of $13.6 million as part of the $86.6 million HECO Chain bridge exploit on Nov. 22. According to a report by blockchain security firm Cyvers, the losses stem from three compromised hot wallets with users and exchang ...

Crypto trading landscape: Insights from Bybit, CEX.IO, Huobi and GoodCrypto

The virtual roundtable, hosted by Cointelegraph on Twitter Spaces, brought together key team members from the largest centralized exchanges (CEXs), including Bybit, CEX.IO and Huobi, to discuss current industry challenges and trends in crypto trading. Speakers also included Maksim Hramadts ...

Binance drops majority of USD Coin reserves — Latest USDC news

In the most recent episode of The Market Report, analyst and writer Marcel Pechman delves into the topic of crypto exchange Binance’s proof-of-reserves. This report reveals a significant decline in USD Coin (USDC) balances, plummeting from $3.4 billion on March 1 to a mere $23.9 million by May 1. ...

Huobi’s TVL drops to $2.5B amid rumors of insolvency, investigations in China

Cryptocurrency exchange Huobi has seen outflows worth $64 million between Aug. 5-6, amidst ongoing rumors about its solvency and that Chinese authorities were investigating its executives. Outflows over the weekend resulted in the exchange's total value locked (TVL) falling to $2.5 billion at the ...

Justin Sun Plans to List Meme Tokens on Huobi and Poloniex, Dismissing Binance as Ideal Trading Platform

He plans to shed meme tokens on these exchanges San said Binance is not the best place to trade such coins CEO Huobi and Tron founder Justin Sun said he plans to rebuild and revive cryptocurrency exchanges Huobi and Poloniex. To do so, he will list meme tokens on ...

Gala Games Launches GALA V2 Update: New Contract, Token, and Coin Supply Reduction

This version of GALA V2 It offers a new contract and token And more importantly, a general reduction in coin supply Owners of old tokens will exchange them for new ones at a 1:1 rate Gala Games blockchain platform launches the GALA V2 upda ...

Meme Token Transfers to Justin Sun’s Wallet Raise Concerns

PeckShieldAlert analysts noticed a large number of meme token transfers to Justin Sun's wallet after he said he plans to actively trade memcoins. Several different meme tokens have been gifted to Sun, including WEED, METH and NGMI. The situation was also taken advantag ...

Justin Sun sees opportunity for diversification in the cryptocurrency market with specialized exchanges, says Huobi not competing with Binance

The businessman spoke about the future diversification of the cryptocurrency market on the YouTube channel Empire and said that he sees an opportunity for all participants to find their place under the sun. Justin Sun admitted that he bought the cryptocurrency exchange Hu ...

Binance Refuses to Purchase Tron Founder Justin Sun’s Stake in Huobi Exchange

As per a report by Coindesk, Binance, the largest cryptocurrency exchange, has declined to purchase the shares owned by Justin Sun, the founder of Tron, in the Huobi exchange. The decision to reject Sun's offer was reportedly due to Huobi's association with mainland China, although it is unclear ...

Huobi and Gala Games Sue pNetwork Validators Over pGALA Token Issuance

Huobi, a cryptocurrency exchange, and Gala Games, a Web3 gaming platform, are taking legal action against pNetwork validators, alleging that they collaborated with hackers and unlawfully issued pGALA tokens. The two companies are said to have enlisted the help of legal teams to initiate legal pro ...

Huobi to add new ARB token to trading floor on Arbitrum second layer protocol

Huobi, a popular cryptocurrency exchange, has announced that it will soon be adding a new token called ARB to its trading floor. This token will be operating on the Arbitrum second layer protocol. The developers of ARB, Offchain Labs, have promised to conduct an airdrop on the same day the token ...

Huobi New Statement to Decommission Huobi Cloud Wallet

Referring to the information on the official page of the Chinese cryptocurrency exchange Huobi, the multi-token DeFi wallet Huobi Cloud Wallet is expected to no longer receive the necessary updates and support on the platform from February 13th. The official end of service and decommissioning dat ...