HTX, formerly Huobi, has been hacked with a total loss of 500 ether (ETH) worth around $8 million, according to HTX adviser and Tron founder Justin Sun. The incident occurred on Sunday and was identified immediately. HTX has fully covered the losses, and funds are safe, Sun added on social media platform X. The hacked wallet appears to be one of HTX's hot wallets, with it receiving around $500 million in deposits from Binance since its creation in March, according to Arkham data. The exchange's native token, HT token, is currently trading at $2.43 having slumped by 1.24% in the past 24-hours, according to CoinMarketCap.
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