HTX and Poloniex assets say Justin Sun is “100% safe” after $200 million hack
Cryptocurrency entrepreneur Justin Sun said on Wednesday (13) that assets held on the HTX and Poloniex exchanges are “100% safe”, despite a hacker attack last month resulting in 200 million won from both exchanges. The comments came after more than a dollar was lost.
The exchange has resumed withdrawals for some cryptocurrencies, including Bitcoin (BTC) and Tron (TRX), but some altcoins are still blocked on the platform.
The outage comes as hackers stole $114 million from Poloniex hot wallets on November 10, followed by a new attack on the 22nd that saw $97 million stolen from the HTX and HecoChain blockchain protocols.
As soon as HTX resumed withdrawals after the attack, customers began removing their assets from the platform, fearing new hacks. Between November 25 and December 10, the exchange recorded net withdrawals of about $258 million, according to data from DefiLlama.
“Currently, Poloniex and HTX have recovered from the hack and are recovering tokens one by one,” Justin Sun told CoinDesk. “For HTX, I think we’ve already recovered 95% in terms of dollar assets. At Poloniex, we recover approximately 85% of the dollar value of our assets.”
He also said that the company has already compensated for all token losses due to HTX and Poloniex and that the assets are “100% safe.” “Although in terms of the exchange itself, we basically need to generate that revenue in the future. But when it comes to customer assets, they are 100% safe,” he said.
An HTX spokesperson told CoinDesk that the recent theft incident “represents only a small portion of our total reserves and that HTX remains stable and healthy.”
To allay the fears of users holding funds on both exchanges, HTX and Poloniex announced a $1 Tether (USDT) airdrop where customers will receive one airdrop token for every $1 of tokens they hold on the platform.
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